Gibson Energy (TSE:GEI) PT Raised to C$27.00 at Credit Suisse Group

Gibson Energy (TSE:GEIGet Rating) had its price target lifted by investment analysts at Credit Suisse Group to C$27.00 in a report released on Monday, Stock Target Advisor reports. The brokerage presently has an “underperform” rating on the stock. Credit Suisse Group’s price target suggests a potential upside of 9.58% from the stock’s current price.

GEI has been the topic of a number of other reports. TD Securities increased their price target on Gibson Energy from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research report on Thursday, February 24th. National Bankshares increased their price target on Gibson Energy from C$24.00 to C$25.00 in a research report on Wednesday, January 26th. Raymond James set a C$26.00 price target on Gibson Energy and gave the stock an “outperform” rating in a research report on Wednesday, February 23rd. Finally, CSFB raised their target price on Gibson Energy from C$25.00 to C$27.00 in a research report on Monday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Gibson Energy has an average rating of “Hold” and a consensus price target of C$24.79.

TSE:GEI traded down C$0.31 during trading hours on Monday, reaching C$24.64. 287,791 shares of the stock were exchanged, compared to its average volume of 417,126. The company has a quick ratio of 0.93, a current ratio of 1.26 and a debt-to-equity ratio of 270.50. The firm has a 50 day simple moving average of C$24.70 and a 200-day simple moving average of C$23.80. Gibson Energy has a 52 week low of C$20.34 and a 52 week high of C$26.98. The stock has a market capitalization of C$3.61 billion and a P/E ratio of 25.40.

Gibson Energy (TSE:GEIGet Rating) last announced its quarterly earnings results on Tuesday, February 22nd. The company reported C$0.29 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.06. The company had revenue of C$2.12 billion for the quarter. As a group, analysts expect that Gibson Energy will post 1.1823799 earnings per share for the current year.

In other news, Director James Joseph Cleary sold 4,046 shares of Gibson Energy stock in a transaction on Friday, March 25th. The stock was sold at an average price of C$25.97, for a total transaction of C$105,074.62. Following the transaction, the director now directly owns 14,998 shares in the company, valued at approximately C$389,498.06.

Gibson Energy Company Profile (Get Rating)

Gibson Energy Inc, an oil infrastructure company, engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through two segments, Infrastructure and Marketing. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, and a crude oil processing facility.

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