Gibson Energy (TSE:GEI) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group downgraded shares of Gibson Energy (TSE:GEI) from a buy rating to a hold rating in a report issued on Thursday morning,BayStreet.CA reports.

A number of other research analysts also recently commented on GEI. Wells Fargo & Company downgraded shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. cut their price objective on shares of Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. Royal Bank of Canada increased their target price on Gibson Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Finally, Scotiabank raised their price objective on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$26.90.

Gibson Energy Trading Down 2.2 %

GEI opened at C$24.52 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. The stock’s fifty day moving average is C$24.78 and its two-hundred day moving average is C$23.30. The company has a market capitalization of C$3.99 billion, a P/E ratio of 23.13, a PEG ratio of 1.85 and a beta of 1.25. Gibson Energy has a 52 week low of C$20.33 and a 52 week high of C$26.10.

Insiders Place Their Bets

In other news, Director Curtis Philippon acquired 40,000 shares of the business’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 Kelly Holtby bought 2,010 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average cost of C$24.85 per share, with a total value of C$49,948.50. 0.85% of the stock is owned by insiders.

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.