Gibson Energy (TSE:GEI) Lowered to "Hold" Rating by BMO Capital Markets

Key Points

• BMO Capital Markets has downgraded Gibson Energy from an "outperform" to a "market perform" rating, adjusting their target price to C$27.00, reflecting a potential upside of 5.02% from its previous close.
• Other analysts have varying target prices, with National Bankshares currently at C$25.00 and Scotiabank at C$27.00, while the overall consensus rating remains a "Moderate Buy."
• Shares of Gibson Energy traded down to C$25.71, with a 52-week range between C$19.63 and C$26.32 during Monday's trading session.

BMO Capital Markets lowered shares of Gibson Energy (TSE:GEI - Free Report) from an outperform rating to a hold rating in a research report released on Monday, MarketBeat Ratings reports. The firm currently has C$27.00 target price on the stock, up from their prior target price of C$26.00.

A number of other equities analysts have also commented on GEI. Raymond James Financial lifted their price objective on Gibson Energy from C$30.00 to C$30.50 and gave the stock a "strong-buy" rating in a research note on Tuesday, June 17th. Royal Bank Of Canada lifted their price objective on Gibson Energy from C$25.00 to C$26.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Wells Fargo & Company lifted their price objective on Gibson Energy from C$23.00 to C$24.00 in a research note on Wednesday, July 30th. Jefferies Financial Group upgraded shares of Gibson Energy from a "hold" rating to a "buy" rating and increased their target price for the company from C$23.00 to C$28.00 in a research note on Wednesday, July 23rd. Finally, Scotiabank lifted their target price on Gibson Energy from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Gibson Energy currently has a consensus rating of "Moderate Buy" and an average price target of C$26.41.

Gibson Energy Stock Performance

Shares of TSE:GEI traded up C$0.31 during midday trading on Monday, hitting C$26.23. The company's stock had a trading volume of 280,856 shares, compared to its average volume of 678,696. 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 stock's 50 day simple moving average is C$25.25 and its 200 day simple moving average is C$23.37. The stock has a market capitalization of C$4.29 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.85 and a beta of 0.40. Gibson Energy has a fifty-two week low of C$19.63 and a fifty-two week high of C$26.32.

Gibson Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, September 30th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 6.6%. Gibson Energy's dividend payout ratio (DPR) is presently 173.20%.

Insider Transactions at Gibson Energy

In other Gibson Energy news, Director Maria Hooper purchased 5,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of C$25.72 per share, with a total value of C$128,600.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company's stock, valued at approximately C$128,600. This trade represents a ∞ increase in their position. 0.85% of the stock is owned by company insiders.

Gibson Energy Company Profile

Gibson Energy Inc is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility.