BMO Capital Markets Lowers Gibson Energy (TSE:GEI) Price Target to C$25.00

Gibson Energy (TSE:GEI) had its price objective decreased by investment analysts at BMO Capital Markets from C$26.00 to C$25.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 6.93% from the company’s current price.

A number of other equities analysts have also commented on GEI. ATB Capital boosted their price target on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Wells Fargo & Company boosted their target price on Gibson Energy from C$23.00 to C$24.00 in a report on Wednesday, July 30th. Royal Bank Of Canada increased their price target on Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Jefferies Financial Group raised Gibson Energy from a “hold” rating to a “buy” rating and raised their price target for the company from C$23.00 to C$28.00 in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Gibson Energy from C$24.00 to C$25.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$25.86.

Gibson Energy Stock Performance

Gibson Energy stock opened at C$23.38 on Wednesday. The firm has a market capitalization of C$3.83 billion, a P/E ratio of 25.41, a P/E/G ratio of 1.85 and a beta of 0.25. The stock has a fifty day moving average price of C$24.95 and a two-hundred day moving average price of C$24.36. Gibson Energy has a 52-week low of C$19.63 and a 52-week high of C$27.37. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87.

Gibson Energy (TSE:GEI) last issued its earnings results on Monday, November 3rd. The company reported C$0.28 EPS for the quarter. Gibson Energy had a net margin of 1.73% and a return on equity of 22.60%. The company had revenue of C$2.88 billion for the quarter.

Insider Buying and Selling

In other news, Director Maria Hooper acquired 5,000 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were purchased at an average cost of C$25.72 per share, for a total transaction of C$128,600.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately C$128,600. This represents a ∞ increase in their ownership of the stock. Insiders own 0.85% of the company’s stock.

About Gibson Energy

Gibson Energy Inc is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility.