BMO Capital Markets Boosts Gibson Energy (TSE:GEI) Price Target to C$27.00

Gibson Energy (TSE:GEI) had its target price increased by equities researchers at BMO Capital Markets from C$25.00 to C$27.00 in a report released on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 4.53% from the company’s previous close.

A number of other research analysts have also recently weighed in on GEI. Scotiabank cut shares of Gibson Energy from an “outperform” rating to a “hold” rating and dropped their price objective for the company from C$27.00 to C$25.00 in a 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. JPMorgan Chase & Co. increased 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. TD Securities decreased their target price on 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 price target on Gibson Energy from C$26.00 to C$28.00 in a report on Wednesday. Two research analysts have 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’s stock. Based on data from MarketBeat, Gibson Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.59.

Gibson Energy Price Performance

GEI opened at C$25.83 on Wednesday. The stock’s 50-day moving average price is C$24.56 and its 200 day moving average price is C$24.67. Gibson Energy has a 12-month low of C$19.63 and a 12-month high of C$27.37. The firm has a market cap of C$4.23 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 1.85 and a beta of 0.25. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33.

Gibson Energy (TSE:GEI) last released its earnings results on Monday, November 3rd. The company reported C$0.28 earnings per share for the quarter. The company had revenue of C$2.88 billion during 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.