Raymond James Financial Forecasts Strong Price Appreciation for Gibson Energy (TSE:GEI) Stock

Gibson Energy (TSE:GEI) had its target price boosted by investment analysts at Raymond James Financial from C$37.00 to C$38.00 in a research note issued on Wednesday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial‘s price target indicates a potential upside of 16.21% from the stock’s previous close.

GEI has been the topic of a number of other research reports. ATB Cormark Capital Markets raised their price objective on Gibson Energy from C$35.00 to C$37.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. Scotiabank lifted their target price on shares of 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. National Bank Financial upped their target price on shares of Gibson Energy from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. TD increased their target price on shares of Gibson Energy from C$34.00 to C$35.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st. Finally, Jefferies Financial Group cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Gibson Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$34.45.

Gibson Energy Price Performance

Shares of Gibson Energy stock traded down C$1.44 during mid-day trading on Wednesday, reaching C$32.70. 304,564 shares of the stock traded hands, compared to its average volume of 741,127. The business has a 50-day moving average of C$32.00 and a 200 day moving average of C$29.93. Gibson Energy has a fifty-two week low of C$22.09 and a fifty-two week high of C$34.66. The stock has a market capitalization of C$5.64 billion, a PE ratio of 32.70, a PEG ratio of 1.85 and a beta of -0.03. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 294.95.

Gibson Energy (TSE:GEI) last issued its quarterly earnings results on Monday, November 2nd. The company reported C$0.45 earnings per share (EPS) for the quarter. The firm had revenue of C$3.69 billion for the quarter. Gibson Energy had a return on equity of 18.23% and a net margin of 1.32%.

Trending Headlines about Gibson Energy

Here are the key news stories impacting Gibson Energy this week:

• Positive Sentiment: Gibson reported record consolidated and infrastructure adjusted EBITDA, while third-quarter net income increased year over year. It also sanctioned the Chauvin Pipeline expansion, adding a growth project to its outlook. Article
• Positive Sentiment: The company declared a quarterly dividend of C$0.45, supporting its income appeal for investors. Article
• Neutral Sentiment: Gibson reported quarterly earnings per share of C$0.45 and revenue of C$3.69 billion. The results point to solid operating performance, though the available reports do not establish how they compared with analyst expectations. Article
• Negative Sentiment: Debt and leverage remain investor concerns. BMO raised its price target to C$33 from C$31 but kept a “market perform” rating; the target was below the cited share price, suggesting limited near-term upside in the firm’s view. Article

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.