Gibson Energy (TSE:GEI – Get Free Report) had its target price increased by equities researchers at National Bank Financial from C$33.00 to C$34.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 4.07% from the company’s current price.
Several other equities research analysts also recently commented on GEI. Jefferies Financial Group downgraded Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Canadian Imperial Bank of Commerce upped their price target on shares of Gibson Energy from C$33.00 to C$34.00 in a research report on Wednesday. TD upgraded shares of Gibson Energy from a “hold” rating to a “buy” rating and increased their price target for the company from C$29.00 to C$32.00 in a research note on Tuesday, May 26th. TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Finally, Royal Bank Of Canada boosted their price objective on shares of Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$31.27.
Check Out Our Latest Report on GEI
Gibson Energy Stock Up 1.7%
Gibson Energy (TSE:GEI – Get Free Report) last released its 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 business had revenue of C$4.83 billion for the quarter.
Gibson Energy Company Profile
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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