Gibson Energy (TSE:GEI) Downgraded to Hold Rating by TD Securities

Gibson Energy (TSE:GEI - Get Free Report) was downgraded by stock analysts at TD Securities from a "buy" rating to a "hold" rating in a research note issued to investors on Tuesday,BayStreet.CA reports. They currently have a C$25.00 price target on the stock, up from their prior price target of C$24.00. TD Securities' target price suggests a potential upside of 2.59% from the stock's current price.

GEI has been the topic of a number of other research reports. Royal Bank of Canada lowered their price target on Gibson Energy from C$28.00 to C$26.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Jefferies Financial Group dropped their target price 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. National Bank Financial lowered Gibson Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. National Bankshares downgraded shares of Gibson Energy from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from C$29.00 to C$24.00 in a research note on Wednesday, February 19th. Finally, Raymond James cut their price objective on shares of Gibson Energy from C$30.50 to C$29.50 and set a "strong-buy" rating for the company in a research note on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$26.05.

Gibson Energy Price Performance

Shares of TSE:GEI traded down C$0.03 during trading on Tuesday, reaching C$24.37. The company had a trading volume of 378,418 shares, compared to its average volume of 757,950. The company has a fifty day moving average of C$22.36 and a two-hundred day moving average of C$23.13. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. The stock has a market capitalization of C$3.98 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. Gibson Energy has a 12 month low of C$19.63 and a 12 month high of C$26.10.

Insiders Place Their Bets

In other Gibson Energy news, Director Curtis Philippon bought 15,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average price of C$22.26 per share, for a total transaction of C$333,900.00. Also, Senior Officer David Bruce Gosse bought 2,205 shares of Gibson Energy stock in a transaction dated Monday, May 26th. The stock was acquired at an average cost of C$22.72 per share, for a total transaction of C$50,089.66. In the last ninety days, insiders purchased 19,460 shares of company stock worth $436,982. 0.85% of the stock is currently owned by corporate 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.

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