Gibson Energy (TSE:GEI – Get Free Report) had its target price dropped by BMO Capital Markets from C$23.00 to C$22.00 in a note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 9.07% from the stock’s previous close.
Several other analysts have also recently issued reports on the company. Scotiabank set a C$24.00 target price on Gibson Energy and gave the company a “sector perform” rating in a research report on Thursday, June 22nd. CSFB increased their target price on Gibson Energy from C$25.50 to C$26.50 in a research report on Thursday, June 15th. JPMorgan Chase & Co. raised Gibson Energy from a “neutral” rating to an “overweight” rating and increased their target price for the company from C$26.00 to C$27.00 in a research report on Friday, July 14th. CIBC raised Gibson Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from C$25.00 to C$27.00 in a research report on Friday, June 23rd. Finally, Canaccord Genuity Group raised Gibson Energy from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$25.43.
Gibson Energy Trading Up 0.9 %
Gibson Energy (TSE:GEI – Get Free Report) last announced its earnings results on Monday, July 31st. The company reported C$0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.38 by C($0.01). The company had revenue of C$2.61 billion for the quarter, compared to the consensus estimate of C$2.45 billion. Gibson Energy had a net margin of 2.72% and a return on equity of 47.53%. Analysts forecast that Gibson Energy will post 1.6286853 earnings per share for the current year.
About Gibson Energy
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.
- Five stocks we like better than Gibson Energy
- Consumer Discretionary Stocks Explained
- MarketBeat Week in Review – 9/4 – 9/8
- 3 Small Caps With Big Return Potential
- The Best 5 Small Cap AI Companies to Buy Now
- Stock Market Sectors: What Are They and How Many Are There?
- Miso Robotics Stock: Is an IPO Coming Soon?
Receive News & Ratings for Gibson Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibson Energy and related companies with MarketBeat.com's FREE daily email newsletter.