Gibson Energy (TSE:GEI) Given New C$35.00 Price Target at ATB Cormark Capital Markets

Gibson Energy (TSE:GEI) had its price target boosted by equities research analysts at ATB Cormark Capital Markets from C$34.00 to C$35.00 in a research note issued on Wednesday, BayStreet reports. ATB Cormark Capital Markets’ price objective would indicate a potential upside of 14.68% from the stock’s current price.

Several other research firms also recently weighed in on GEI. Raymond James Financial raised their price target on shares of Gibson Energy from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Scotiabank increased their price objective on shares of Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Canadian Imperial Bank of Commerce raised their target price on shares of Gibson Energy from C$33.00 to C$34.00 in a research note on Wednesday, July 29th. BMO Capital Markets boosted their target price on Gibson Energy from C$29.00 to C$32.00 in a report on Tuesday, July 28th. Finally, National Bank Financial increased their price target on Gibson Energy from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$32.90.

Gibson Energy Price Performance

TSE:GEI traded up C$0.22 during trading hours on Wednesday, hitting C$30.52. 197,850 shares of the stock were exchanged, compared to its average volume of 756,162. Gibson Energy has a 52-week low of C$22.09 and a 52-week high of C$32.99. The firm’s fifty day moving average price is C$31.37 and its 200 day moving average price is C$29.96. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 294.95. The company has a market cap of C$5.27 billion, a P/E ratio of 30.52, a P/E/G ratio of 1.85 and a beta of -0.00.

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

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.