Gibson Energy (TSE:GEI) Given New C$23.00 Price Target at Jefferies Financial Group

Gibson Energy (TSE:GEI - Get Free Report) had its price objective reduced by Jefferies Financial Group from C$26.00 to C$23.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. Jefferies Financial Group's price objective points to a potential upside of 9.52% from the stock's previous close.

Several other research firms also recently weighed in on GEI. Scotiabank raised their target price 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. BMO Capital Markets raised shares of Gibson Energy from a "market perform" rating to an "outperform" rating and raised their target price for the stock from C$25.50 to C$28.00 in a research report on Thursday, December 5th. TD Securities set a C$25.00 target price on shares of Gibson Energy and gave the stock a "hold" rating in a research report on Wednesday, January 15th. ATB Capital decreased their target price on shares of Gibson Energy from C$28.00 to C$26.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, Raymond James raised their price target on shares of Gibson Energy from C$28.50 to C$30.00 in a report on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$25.86.

Gibson Energy Price Performance

Shares of GEI traded down C$0.71 during trading hours on Thursday, reaching C$21.00. The company had a trading volume of 1,559,843 shares, compared to its average volume of 730,374. The firm has a 50 day simple moving average of C$24.71 and a 200-day simple moving average of C$23.42. 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 capitalization of C$3.43 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.85 and a beta of 1.25. Gibson Energy has a 12-month low of C$20.64 and a 12-month high of C$26.10.

Insider Buying and Selling

In other Gibson Energy news, Director Curtis Philippon acquired 40,000 shares of the firm's stock in a transaction on Monday, December 9th. The stock was purchased at an average price of C$25.46 per share, with a total value of C$1,018,400.00. Also, Senior Officer Kelly Holtby acquired 2,010 shares of the firm's 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. 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.

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