Gibson Energy (TSE:GEI) Hits New 52-Week Low - Should You Sell?

Gibson Energy Inc. (TSE:GEI - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$20.72 and last traded at C$20.94, with a volume of 354964 shares traded. The stock had previously closed at C$21.32.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Raymond James lowered their target price on Gibson Energy from C$30.50 to C$29.50 and set a "strong-buy" rating for the company in a research report on Thursday, February 20th. BMO Capital Markets raised Gibson Energy from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Scotiabank lowered their price objective on Gibson Energy from C$27.00 to C$26.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Jefferies Financial Group lowered their price objective on Gibson Energy from C$26.00 to C$23.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. Finally, National Bank Financial lowered Gibson Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$25.86.

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Gibson Energy Stock Performance

The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. The company has a 50 day moving average price of C$23.86 and a 200 day moving average price of C$23.38. The company has a market capitalization of C$3.49 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 1.85 and a beta of 1.25.

Insider Buying and Selling at Gibson Energy

In related news, Senior Officer Riley Hicks purchased 8,900 shares of the business's stock in a transaction on Friday, February 21st. The stock was acquired at an average price of C$21.10 per share, for a total transaction of C$187,790.00. Also, Director Curtis Philippon purchased 25,000 shares of the business's stock in a transaction on Friday, February 21st. The shares were bought at an average price of C$21.20 per share, with a total value of C$530,000.00. In the last quarter, insiders purchased 35,910 shares of company stock worth $767,739. 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.