CIBC Forecasts Strong Price Appreciation for Gibson Energy (TSE:GEI) Stock

Gibson Energy (TSE:GEI) had its price objective increased by equities researchers at CIBC from C$26.00 to C$30.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 16.14% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Scotiabank lowered Gibson Energy from an “outperform” rating to a “hold” rating and cut their price objective for the company from C$27.00 to C$25.00 in a report on Monday, October 20th. BMO Capital Markets dropped their target price on Gibson Energy from C$26.00 to C$25.00 in a research report on Wednesday, November 12th. JPMorgan Chase & Co. increased their price target on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock an “underweight” rating in a report on Wednesday, August 20th. Royal Bank Of Canada lifted their price objective on shares of Gibson Energy from C$26.00 to C$28.00 in a research note on Wednesday. Finally, TD Securities dropped their price objective on shares of Gibson Energy from C$24.00 to C$23.00 and set a “hold” rating on the stock in a report on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$26.59.

Gibson Energy Trading Down 2.7%

TSE GEI opened at C$25.83 on Wednesday. Gibson Energy has a 12-month low of C$19.63 and a 12-month high of C$27.37. The company has a fifty day simple moving average of C$24.56 and a two-hundred day simple moving average of C$24.67. 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 stock has a market cap of C$4.23 billion, a P/E ratio of 28.08, a P/E/G ratio of 1.85 and a beta of 0.25.

Gibson Energy (TSE:GEI) last released its earnings results on Monday, November 3rd. The company reported C$0.28 earnings per share (EPS) for the quarter. The firm 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%.

About Gibson Energy

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.