Raymond James Financial Raises Gibson Energy (TSE:GEI) Price Target to C$36.00

Gibson Energy (TSE:GEI) had its price objective raised by stock analysts at Raymond James Financial from C$35.00 to C$36.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 10.19% from the stock’s previous close.

GEI has been the topic of a number of other research reports. TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. TD upgraded shares of Gibson Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$29.00 to C$32.00 in a research report on Tuesday, May 26th. BMO Capital Markets upped their price objective on shares of Gibson Energy from C$29.00 to C$32.00 in a research report on Tuesday. Royal Bank Of Canada raised their target price on shares of Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Gibson Energy from C$33.00 to C$34.00 in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$31.27.

Gibson Energy Stock Performance

TSE GEI traded up C$0.56 on Wednesday, reaching C$32.67. The stock had a trading volume of 399,352 shares, compared to its average volume of 807,400. The stock has a market cap of C$5.63 billion, a P/E ratio of 36.71, a price-to-earnings-growth ratio of 1.85 and a beta of 0.11. Gibson Energy has a 12-month low of C$22.09 and a 12-month high of C$32.99. The business’s 50-day moving average price is C$29.67 and its 200 day moving average price is C$28.75. The company has a debt-to-equity ratio of 294.95, a quick ratio of 0.87 and a current ratio of 1.07.

Gibson Energy (TSE:GEI) last released its quarterly earnings results on Monday, July 27th. The company reported C$0.48 EPS for the quarter. The firm had revenue of C$4.83 billion during the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%.

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.