Gibson Energy (TSE:GEI) Price Target Raised to C$33.00

Gibson Energy (TSE:GEI) had its price target increased by research analysts at Royal Bank Of Canada from C$30.00 to C$33.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 1.01% from the company’s previous close.

Other analysts have also recently issued research reports about the company. TD Securities upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. TD raised Gibson Energy from a “hold” rating to a “buy” rating and upped their target price for the company from C$29.00 to C$32.00 in a research report on Tuesday, May 26th. National Bank Financial raised their price target on Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Jefferies Financial Group lowered Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Gibson Energy from C$33.00 to C$34.00 in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$31.27.

Gibson Energy Stock Up 1.7%

Shares of TSE:GEI traded up C$0.56 during trading on Wednesday, hitting C$32.67. 399,352 shares of the company were exchanged, compared to its average volume of 807,400. The company has a debt-to-equity ratio of 294.95, a current ratio of 1.07 and a quick ratio of 0.87. The firm’s 50 day moving average price is C$29.67 and its 200-day moving average price is C$28.75. The stock has a market capitalization of C$5.63 billion, a P/E ratio of 36.71, a PEG ratio of 1.85 and a beta of 0.11. Gibson Energy has a 12-month low of C$22.09 and a 12-month high of C$32.99.

Gibson Energy (TSE:GEI) last announced its quarterly earnings results on Monday, July 27th. The company reported C$0.48 earnings per share for the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%. The firm had revenue of C$4.83 billion during the quarter.

About Gibson Energy

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.