Gibson Energy (TSE:GEI) Rating Lowered to Hold at Jefferies Financial Group

Gibson Energy (TSE:GEI) was downgraded by research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,BayStreet.CA reports.

A number of other research firms also recently commented on GEI. CIBC boosted their price target on shares of Gibson Energy from C$27.00 to C$29.00 in a research report on Thursday, December 5th. Raymond James boosted their price objective on Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday, December 5th. TD Securities set a C$25.00 target price on Gibson Energy and gave the stock a “hold” rating in a report on Wednesday, January 15th. Royal Bank of Canada boosted their target price on shares of Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets upgraded 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 report on Thursday, December 5th. Three research 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$26.90.

Gibson Energy Stock Performance

GEI stock traded up C$0.18 during trading on Thursday, hitting C$25.08. 60,353 shares of the company’s stock traded hands, compared to its average volume of 656,305. The stock has a fifty day moving average price of C$24.72 and a two-hundred day moving average price of C$23.27. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. Gibson Energy has a 52 week low of C$20.33 and a 52 week high of C$26.10. The stock has a market capitalization of C$4.08 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Gibson Energy (TSE:GEI) last announced its quarterly earnings results on Tuesday, October 29th. The company reported C$0.33 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.32 by C$0.01. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%. During the same quarter in the previous year, the business posted $0.21 EPS.

Insider Activity

In other news, Senior Officer Kelly Holtby purchased 2,010 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was bought at an average cost of C$24.85 per share, for a total transaction of C$49,948.50. Also, Director Curtis Philippon acquired 40,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was acquired at an average price of C$25.46 per share, with a total value of C$1,018,400.00. 0.85% of the stock is owned by corporate insiders.

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.