ATB Capital Has Lowered Expectations for Gibson Energy (TSE:GEI) Stock Price

Gibson Energy (TSE:GEI) had its target price decreased by stock analysts at ATB Capital from C$28.00 to C$26.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Capital’s target price indicates a potential upside of 22.24% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. National Bankshares cut Gibson Energy from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$29.00 to C$24.00 in a report on Wednesday. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Wells Fargo & Company cut shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. Scotiabank increased their price objective on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, CIBC lowered their target price on shares of Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating for the company in a report on Thursday. Five investment 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$25.86.

Gibson Energy Stock Up 0.6 %

Shares of GEI opened at C$21.27 on Thursday. The business’s fifty day moving average price is C$24.57 and its two-hundred day moving average price is C$23.39. The firm has a market capitalization of C$3.47 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 1.85 and a beta of 1.25. Gibson Energy has a 52 week low of C$20.83 and a 52 week high of C$26.10. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70.

Insider Activity

In other Gibson Energy news, Director Curtis Philippon acquired 40,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were acquired at an average price 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 the stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of C$24.85 per share, with a total value of C$49,948.50. Insiders bought 75,910 shares of company stock valued at $1,786,139 in the last quarter. Company insiders own 0.85% of the company’s stock.

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.