Gibson Energy (TSE:GEI) Price Target Increased to C$25.00 by Analysts at BMO Capital Markets

Gibson Energy (TSE:GEI) had its price target raised by analysts at BMO Capital Markets from C$22.50 to C$25.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 13.07% from the stock’s previous close.

Several other equities research analysts have also recently commented on GEI. JPMorgan Chase & Co. increased their price objective on Gibson Energy from C$25.00 to C$26.00 in a research report on Monday, April 15th. National Bankshares increased their price objective on Gibson Energy from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Jefferies Financial Group set a C$25.00 price objective on Gibson Energy and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, CIBC increased their price objective on Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$25.63.

Gibson Energy Trading Down 2.1 %

TSE GEI opened at C$22.11 on Tuesday. Gibson Energy has a 12 month low of C$18.45 and a 12 month high of C$23.40. The stock has a market cap of C$3.57 billion, a P/E ratio of 15.68, a P/E/G ratio of 1.85 and a beta of 1.29. The stock’s fifty day moving average price is C$22.74 and its 200-day moving average price is C$21.44. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 303.96.

Gibson Energy (TSE:GEI) last released its quarterly earnings data on Tuesday, February 20th. The company reported C$0.32 EPS for the quarter, missing the consensus estimate of C$0.40 by C($0.08). Gibson Energy had a net margin of 1.95% and a return on equity of 28.84%. The business had revenue of C$2.81 billion for the quarter, compared to analysts’ expectations of C$3.33 billion. As a group, equities analysts forecast that Gibson Energy will post 1.5894955 EPS for the current fiscal year.

Insider Transactions at Gibson Energy

In other news, Senior Officer Sean Brown sold 35,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$19.97, for a total value of C$698,950.00. In other news, Senior Officer Sean Brown sold 35,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$19.97, for a total value of C$698,950.00. Also, Director Khalid Muslih acquired 7,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was bought at an average cost of C$16.63 per share, for a total transaction of C$116,410.00. Corporate insiders own 0.81% of the company’s stock.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.