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

Gibson Energy (TSE:GEI) had its price target decreased by investment analysts at CIBC from C$29.00 to C$27.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s target price suggests a potential upside of 26.94% from the company’s current price.

GEI has been the topic of a number of other reports. Wells Fargo & Company cut shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. TD Securities set a C$25.00 target price on shares of Gibson Energy and gave the company a “hold” rating in a research note on Wednesday, January 15th. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and upped their price target for the stock from C$25.50 to C$28.00 in a research note on Thursday, December 5th. 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, National Bankshares cut Gibson Energy from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$29.00 to C$24.00 in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$25.86.

Gibson Energy Stock Performance

Shares of TSE GEI opened at C$21.27 on Thursday. Gibson Energy has a 12-month low of C$20.83 and a 12-month high of C$26.10. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. The company has a market cap of C$3.47 billion, a PE ratio of 16.40, a P/E/G ratio of 1.85 and a beta of 1.25. The stock has a 50 day simple moving average of C$24.57 and a 200-day simple moving average of C$23.39.

Insider Transactions at Gibson Energy

In other news, Director Curtis Philippon bought 40,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were acquired at an average cost of C$25.46 per share, with a total value of C$1,018,400.00. Also, Senior Officer Riley Hicks purchased 8,900 shares of Gibson Energy stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average price of C$21.10 per share, with a total value of C$187,790.00. Insiders have purchased 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.