Gibson Energy (TSE:GEI) Cut to “Hold” at Jefferies Financial Group

Gibson Energy (TSE:GEI) was downgraded by Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. TD raised shares of Gibson Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$29.00 to C$32.00 in a research note on Tuesday, May 26th. TD Securities raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. National Bank Financial raised their price target on shares of Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Finally, Scotiabank boosted their price objective on shares of Gibson Energy from C$29.00 to C$31.00 and gave the stock a “sector perform” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$28.60.

Gibson Energy Stock Performance

GEI stock opened at C$30.70 on Wednesday. The business has a fifty day moving average price of C$29.49 and a 200 day moving average price of C$28.57. Gibson Energy has a fifty-two week low of C$22.09 and a fifty-two week high of C$31.23. The stock has a market capitalization of C$5.29 billion, a price-to-earnings ratio of 34.49, a P/E/G ratio of 1.85 and a beta of 0.11. The company has a debt-to-equity ratio of 281.88, a current ratio of 1.17 and a quick ratio of 0.87.

Gibson Energy (TSE:GEI) last posted its quarterly earnings data on Monday, May 4th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$2.75 billion during the quarter. Gibson Energy had a return on equity of 16.60% and a net margin of 1.37%.

Gibson Energy Company Profile

Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.