Royal Bank of Canada Increases Gibson Energy (OTCMKTS:GBNXF) Price Target to C$28.00

Gibson Energy (OTCMKTS:GBNXF – Get Rating) had its price objective boosted by Royal Bank of Canada from C$27.00 to C$28.00 in a report issued on Wednesday morning, The Fly reports.

Several other equities analysts have also recently issued reports on the company. National Bank Financial raised their price objective on Gibson Energy from C$24.00 to C$25.00 in a research note on Wednesday, January 26th. Raymond James raised their price objective on Gibson Energy from C$26.50 to C$27.00 in a research note on Tuesday. TD Securities raised their price objective on Gibson Energy from C$25.00 to C$26.00 in a research note on Wednesday. Finally, Scotiabank raised their price objective on Gibson Energy from C$25.00 to C$26.00 in a research note on Monday, February 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $25.00.

GBNXF stock opened at $19.57 on Wednesday. Gibson Energy has a twelve month low of $16.67 and a twelve month high of $21.96. The company has a current ratio of 1.26, a quick ratio of 0.94 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $2.87 billion, a P/E ratio of 21.41 and a beta of 0.96. The firm has a 50 day simple moving average of $19.58 and a 200-day simple moving average of $18.91.

Gibson Energy (OTCMKTS:GBNXF – Get Rating) last released its quarterly earnings results on Tuesday, February 22nd. The company reported $0.23 earnings per share for the quarter. Gibson Energy had a net margin of 1.98% and a return on equity of 25.25%. The business had revenue of $1.68 billion during the quarter. On average, research analysts predict that Gibson Energy will post 0.96 EPS for the current year.

About Gibson Energy (Get Rating)

Gibson Energy Inc, a liquids infrastructure company, engages in the gathering, storage, optimization, processing, and marketing of liquids 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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