Gibson Energy (TSE:GEI) Given New C$32.00 Price Target at BMO Capital Markets

Gibson Energy (TSE:GEI – Get Free Report) had its price objective upped by investment analysts at BMO Capital Markets from C$29.00 to C$32.00 in a report released on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 0.76% from the company’s current price.

Several other research firms have also weighed in on GEI. Jefferies Financial Group lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Scotiabank raised their price objective on Gibson Energy from C$29.00 to C$31.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. TD upgraded Gibson Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$29.00 to C$32.00 in a report on Tuesday, May 26th. TD Securities upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, National Bank Financial boosted their target price on Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$29.10.

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Gibson Energy Trading Up 4.5%

GEI traded up C$1.36 during trading on Tuesday, reaching C$31.76. 780,050 shares of the company’s stock were exchanged, compared to its average volume of 807,144. The company’s fifty day moving average price is C$29.61 and its 200-day moving average price is C$28.69. The company has a debt-to-equity ratio of 281.88, a quick ratio of 0.87 and a current ratio of 1.17. The firm has a market capitalization of C$5.48 billion, a PE ratio of 35.69, a P/E/G ratio of 1.85 and a beta of 0.11. Gibson Energy has a fifty-two week low of C$22.09 and a fifty-two week high of C$31.94.

Gibson Energy (TSE:GEI – Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The company reported C$0.48 EPS for the quarter. Gibson Energy had a return on equity of 16.60% and a net margin of 1.37%.The business had revenue of C$4.83 billion during the quarter.

About Gibson Energy

(Get Free Report)

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.

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