Gibson Energy (TSE:GEI) Price Target Raised to C$27.00

Gibson Energy (TSE:GEI) had its target price hoisted by BMO Capital Markets from C$25.00 to C$27.00 in a report released on Wednesday,BayStreet.CA reports.

Other analysts have also issued reports about the stock. Royal Bank Of Canada boosted their price objective on shares of Gibson Energy from C$26.00 to C$28.00 in a report on Wednesday. TD Securities dropped their price target on shares of Gibson Energy from C$24.00 to C$23.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th. JPMorgan Chase & Co. boosted their price target on shares of Gibson Energy from C$24.00 to C$25.00 and gave the company an “underweight” rating in a research note on Wednesday, August 20th. Scotiabank lowered shares of Gibson Energy from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$27.00 to C$25.00 in a report on Monday, October 20th. Finally, CIBC increased their price objective on shares of Gibson Energy from C$26.00 to C$30.00 in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gibson Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.59.

Gibson Energy Trading Up 0.2%

Shares of Gibson Energy stock opened at C$25.88 on Wednesday. The stock has a 50 day moving average of C$24.53 and a 200 day moving average of C$24.69. 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 has a market capitalization of C$4.24 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 1.85 and a beta of 0.23. 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) last posted its earnings results on Monday, November 3rd. The company reported C$0.28 EPS for the quarter. The company had revenue of C$2.88 billion for the quarter. Gibson Energy had a return on equity of 22.60% and a net margin of 1.73%.

Gibson Energy Company Profile

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.