Gibson Energy's Price Target Reduced by Jefferies Financial Group

Gibson Energy (TSE:GEI) has seen its price target revised downward by Jefferies Financial Group from C$26.00 to C$23.00, according to a recent research note released to investors. The firm currently maintains a hold rating on the stock.

In addition to Jefferies, other analysts have also weighed in on Gibson Energy. For instance, TD Securities set a price target of C$25.00 and issued a hold rating on January 15th. National Bankshares made a shift in their stance, downgrading Gibson Energy from an outperform to a sector perform rating and lowering their target price from C$29.00 to C$24.00 in a report published on the same day. Moreover, Wells Fargo & Company adjusted their rating from overweight to equal weight in a report released on December 18th. Conversely, Raymond James increased their target price on the stock from C$28.50 to C$30.00 as noted in a research note on December 5th. Lastly, CIBC lowered their price target from C$29.00 to C$27.00 and confirmed an outperform rating for the stock in a report issued recently.

Overall, analysts have varied opinions regarding Gibson Energy. Currently, five analysts rate the stock as a hold, seven have assigned a buy rating, and one has given it a strong buy. According to MarketBeat, the stock has an average rating of "Moderate Buy" alongside an average target price of C$25.86.

Stock Performance Overview

As of the latest trading session, shares of Gibson Energy traded up by 0.6%, opening at C$21.27. The stock has shown a fifty-day moving average price of C$24.57 and a two-hundred day moving average price of C$23.39. The company has a market capitalization of C$3.47 billion and displays a price-to-earnings ratio of 16.40 along with a PEG ratio of 1.85. Additionally, the company has a debt-to-equity ratio of 278.33, while its quick ratio stands at 0.87 and the current ratio is 0.70. Gibson Energy's stock has had a 52-week low of C$20.83 and a high of C$26.10.

Insider Activity

In related news, there have been some insider transactions involving Gibson Energy. Senior Officer Kelly Holtby recently purchased 2,010 shares of the company at an average price of C$24.85, totaling approximately C$49,948.50. Additionally, Director Curtis Philippon bought 40,000 shares at an average price of C$25.46, resulting in a total transaction of about C$1,018,400.00. In the past 90 days, insiders have acquired 75,910 shares valued at approximately C$1,786,139. Notably, company insiders hold 0.85% of Gibson Energy's total stock.

Company Background

Gibson Energy Inc. operates within the oil and gas sector, focusing on gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. The company functions through two main segments: Infrastructure and Marketing. The Infrastructure segment is responsible for managing a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and various terminals.

Gibson, Energy, Investment