Gibson Energy (TSE:GEI) Price Target Lowered to C$29.50 at Raymond James

Gibson Energy (TSE:GEI) had its price target decreased by Raymond James from C$30.50 to C$29.50 in a research note issued to investors on Thursday,BayStreet.CA reports. Raymond James currently has a strong-buy rating on the stock.

Several other research analysts have also issued reports on the stock. Jefferies Financial Group decreased their price target on shares of Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating for the company in a research note on Thursday. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$25.50 to C$28.00 in a report on Thursday, December 5th. 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. National Bankshares downgraded Gibson Energy from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$29.00 to C$24.00 in a research note on Wednesday. Finally, Wells Fargo & Company lowered Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$25.86.

Gibson Energy Price Performance

Shares of GEI stock opened at C$21.14 on Thursday. The business’s fifty day moving average is C$24.64 and its 200 day moving average is C$23.40. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. The stock has a market cap of C$3.45 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.85 and a beta of 1.25. Gibson Energy has a twelve month low of C$20.64 and a twelve month high of C$26.10.

Insider Buying and Selling at Gibson Energy

In other Gibson Energy news, Senior Officer Kelly Holtby acquired 2,010 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of C$24.85 per share, with a total value of C$49,948.50. Also, Director Curtis Philippon bought 40,000 shares of Gibson Energy stock in a transaction on 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. Corporate 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.