Gibson Energy (TSE:GEI) Given New C$27.00 Price Target at BMO Capital Markets

Gibson Energy (TSE:GEI) had its target price raised by investment analysts at BMO Capital Markets from C$25.00 to C$27.00 in a report released on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 1.62% from the company’s current price.

GEI has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price objective on 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 downgraded shares of Gibson Energy from an “outperform” rating to a “hold” rating and reduced their price target for the company from C$27.00 to C$25.00 in a research report on Monday, October 20th. CIBC boosted their price target on shares of Gibson Energy from C$26.00 to C$30.00 in a research note on Wednesday. TD Securities reduced their price objective on shares of Gibson Energy from C$24.00 to C$23.00 and set a “hold” rating for the company in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada upped their target price on shares of Gibson Energy from C$26.00 to C$28.00 in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$26.59.

Gibson Energy Stock Up 1.8%

TSE GEI traded up C$0.48 on Wednesday, hitting C$26.57. 452,575 shares of the company were exchanged, compared to its average volume of 685,588. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. The company has a market cap of C$4.35 billion, a PE ratio of 28.88, a PEG ratio of 1.85 and a beta of 0.25. The stock has a fifty day moving average of C$24.59 and a 200-day moving average of C$24.65. Gibson Energy has a 12 month low of C$19.63 and a 12 month high of C$27.37.

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

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.