BMO Capital Markets Cuts Gibson Energy (TSE:GEI) Price Target to C$25.00

Gibson Energy (TSE:GEI) had its price target cut by BMO Capital Markets from C$26.00 to C$25.00 in a research report report published on Wednesday morning,BayStreet.CA reports.

GEI has been the topic of several other reports. ATB Capital upped their price target on Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. TD Securities lowered their target price on shares of Gibson Energy from C$24.00 to C$23.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. Wells Fargo & Company raised their price target on shares of Gibson Energy from C$23.00 to C$24.00 in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price target on shares of Gibson Energy from C$24.00 to C$25.00 and gave the company an “underweight” rating in a report on Wednesday, August 20th. Finally, Scotiabank downgraded shares of Gibson Energy from an “outperform” rating to a “hold” rating and lowered their price objective for the company from C$27.00 to C$25.00 in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$25.86.

Gibson Energy Stock Performance

Shares of Gibson Energy stock opened at C$23.85 on Wednesday. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. Gibson Energy has a 1 year low of C$19.63 and a 1 year high of C$27.37. The firm’s 50-day simple moving average is C$24.90 and its 200-day simple moving average is C$24.38. The firm has a market cap of C$3.91 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 1.85 and a beta of 0.25.

Gibson Energy (TSE:GEI) last announced its quarterly earnings data on Monday, November 3rd. The company reported C$0.28 earnings per share for the quarter. Gibson Energy had a return on equity of 22.60% and a net margin of 1.73%.The firm had revenue of C$2.88 billion during the quarter.

Insider Buying and Selling

In other news, Director Maria Hooper purchased 5,000 shares of the company’s stock in a transaction on Monday, August 18th. The shares were bought at an average price of C$25.72 per share, for a total transaction of C$128,600.00. Following the completion of the purchase, the director owned 5,000 shares of the company’s stock, valued at C$128,600. This trade represents a ∞ increase in their ownership of the stock. Company insiders own 0.85% of the company’s stock.

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.