Gibson Energy (TSE:GEI) Stock Rating Upgraded by TD Securities

Gibson Energy (TSE:GEI) was upgraded by analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Separately, TD raised Gibson Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from C$29.00 to C$32.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$27.88.

Gibson Energy Stock Performance

Shares of GEI stock opened at C$29.33 on Tuesday. The company has a market cap of C$5.06 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 1.85 and a beta of 0.21. The stock has a 50 day simple moving average of C$28.90 and a 200-day simple moving average of C$27.27. Gibson Energy has a 12-month low of C$22.09 and a 12-month high of C$30.50. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 281.88.

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

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.