Gibson Energy (TSE:GEI) Price Target Raised to C$28.00

by · The Markets Daily

Gibson Energy (TSE:GEI – Free Report) had its target price increased by Royal Bank Of Canada from C$26.00 to C$28.00 in a research report released on Wednesday morning,BayStreet.CA reports.

Several other analysts also recently issued reports on the company. CIBC decreased their target price on Gibson Energy from C$27.00 to C$26.00 in a research note on Wednesday, November 5th. BMO Capital Markets cut their price objective on shares of Gibson Energy from C$26.00 to C$25.00 in a report on Wednesday, November 12th. JPMorgan Chase & Co. boosted their target price on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock an “underweight” rating in a report on Wednesday, August 20th. Scotiabank lowered shares of Gibson Energy from an “outperform” rating to a “hold” rating and dropped their target price for the stock from C$27.00 to C$25.00 in a research report on Monday, October 20th. Finally, TD Securities cut 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. Two equities research analysts have 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$26.59.

Check Out Our Latest Stock Report on Gibson Energy

Gibson Energy Stock Up 0.2%

GEI opened at C$25.88 on Wednesday. The stock has a market cap of C$4.24 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 1.85 and a beta of 0.23. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. The firm’s fifty day moving average is C$24.53 and its 200 day moving average is C$24.69. Gibson Energy has a fifty-two week low of C$19.63 and a fifty-two week high of C$27.37.

Gibson Energy (TSE:GEI – Get Free Report) last posted its quarterly earnings results on Monday, November 3rd. The company reported C$0.28 EPS for the quarter. Gibson Energy had a return on equity of 22.60% and a net margin of 1.73%.The business had revenue of C$2.88 billion for the quarter.

About Gibson Energy

(Get Free Report)

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.

Featured Articles