Gibson Energy (TSE:GEI) Lowered to "Sector Perform" Rating by National Bankshares

National Bankshares lowered shares of Gibson Energy (TSE:GEI - Free Report) from an outperform rating to a sector perform rating in a report issued on Wednesday,BayStreet.CA reports. They currently have C$24.00 target price on the stock, down from their prior target price of C$29.00.

Several other equities analysts have also commented on GEI. Scotiabank boosted their price target on Gibson Energy from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. CIBC upped their target price on Gibson Energy from C$27.00 to C$29.00 in a research report on Thursday, December 5th. BMO Capital Markets raised 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. Raymond James upped their target price on Gibson Energy from C$28.50 to C$30.00 in a research report on Thursday, December 5th. Finally, Jefferies Financial Group lowered Gibson Energy from a "buy" rating to a "hold" rating in a research report on Thursday, January 30th. Five 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$25.86.

Gibson Energy Stock Up 0.6 %

Gibson Energy stock traded up C$0.13 during midday trading on Wednesday, hitting C$21.27. 1,460,030 shares of the company were exchanged, compared to its average volume of 774,283. The company's fifty day moving average price is C$24.57 and its 200-day moving average price is C$23.39. The company has a market cap of C$3.47 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. Gibson Energy has a fifty-two week low of C$20.83 and a fifty-two week high of C$26.10.

Insider Activity at Gibson Energy

In related news, Director Curtis Philippon acquired 40,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average cost of C$25.46 per share, for a total transaction of C$1,018,400.00. Also, Senior Officer Riley Hicks acquired 8,900 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average price of C$21.10 per share, with a total value of C$187,790.00. In the last ninety days, insiders have bought 75,910 shares of company stock valued at $1,786,139. 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.