Jefferies Financial Group Downgrades Gibson Energy (TSE:GEI) to Hold

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

GEI has been the subject of a number of other reports. TD raised shares of Gibson Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from C$29.00 to C$32.00 in a research report on Tuesday, May 26th. Scotiabank upped their price objective on shares of Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a research note on Tuesday. TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, National Bank Financial lifted their target price on shares of Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$28.60.

Gibson Energy Trading Up 0.7%

Gibson Energy stock opened at C$30.93 on Wednesday. The company has a debt-to-equity ratio of 281.88, a quick ratio of 0.87 and a current ratio of 1.17. The firm has a market cap of C$5.33 billion, a price-to-earnings ratio of 34.75, a price-to-earnings-growth ratio of 1.85 and a beta of 0.11. Gibson Energy has a 1 year low of C$22.09 and a 1 year high of C$31.23. The firm’s 50 day moving average price is C$29.54 and its two-hundred day moving average price is C$28.61.

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

About Gibson Energy

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.