Gibson Energy (TSE:GEI) Rating Lowered to “Sector Perform” at National Bankshares

Gibson Energy (TSE:GEI) was downgraded by investment analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a report released on Wednesday,BayStreet.CA reports. They presently have a C$24.00 target price on the stock, down from their prior target price of C$29.00. National Bankshares’ target price would suggest a potential upside of 13.53% from the company’s current price.

Other research analysts also recently issued research reports about the company. Raymond James upped their target price on Gibson Energy from C$28.50 to C$30.00 in a report on Thursday, December 5th. TD Securities set a C$25.00 price target on Gibson Energy and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Wells Fargo & Company lowered Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Finally, CIBC increased their price target on shares of Gibson Energy from C$27.00 to C$29.00 in a research note on Thursday, December 5th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$25.86.

Gibson Energy Trading Down 2.6 %

TSE:GEI opened at C$21.14 on Wednesday. The company has a 50-day moving average price of C$24.64 and a 200-day moving average price of C$23.40. The stock has a market cap of C$3.45 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.85 and a beta of 1.25. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. Gibson Energy has a 12 month low of C$20.64 and a 12 month high of C$26.10.

Insider Buying and Selling at Gibson Energy

In other Gibson Energy news, Director Curtis Philippon bought 40,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were acquired at an average cost of C$25.46 per share, for a total transaction of C$1,018,400.00. Also, Senior Officer Kelly Holtby bought 2,010 shares of Gibson Energy stock in a transaction on Monday, December 30th. The stock was acquired at an average cost of C$24.85 per share, with a total value of C$49,948.50. 0.85% of the stock is owned by company insiders.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.