Gibson Energy (TSE:GEI) Cut to Hold at National Bank Financial

National Bank Financial cut shares of Gibson Energy (TSE:GEI) from a strong-buy rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

GEI has been the topic of a number of other reports. TD Securities cut their price target on shares of Gibson Energy from C$25.00 to C$24.00 and set a “hold” rating on the stock in a research report on Thursday. Scotiabank cut their target price on shares of Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a report on Thursday. CIBC decreased their price target 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. Wells Fargo & Company downgraded Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada decreased their target price on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research note on Thursday. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Gibson Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.86.

Gibson Energy Stock Up 0.6 %

Shares of TSE:GEI opened at C$21.27 on Wednesday. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. The stock has a market cap of C$3.47 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 1.85 and a beta of 1.25. The company has a 50 day moving average of C$24.57 and a 200-day moving average of C$23.39. Gibson Energy has a one year low of C$20.83 and a one year high of C$26.10.

Insider Transactions at Gibson Energy

In other Gibson Energy news, Senior Officer Riley Hicks bought 8,900 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of C$21.10 per share, with a total value of C$187,790.00. Also, Senior Officer Kelly Holtby purchased 2,010 shares of the business’s stock in a transaction on Monday, December 30th. The shares were acquired at an average cost of C$24.85 per share, for a total transaction of C$49,948.50. Insiders bought 75,910 shares of company stock valued at $1,786,139 over the last three months. Company insiders own 0.85% of the company’s stock.

Gibson Energy Company Profile

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.