Gibson Energy (TSE:GEI) Given New C$27.00 Price Target at BMO Capital Markets

Gibson Energy (TSE:GEI) had its target price increased by BMO Capital Markets from C$25.00 to C$27.00 in a report published on Wednesday,BayStreet.CA reports.

GEI has been the subject of a number of other reports. Scotiabank lowered Gibson Energy from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$27.00 to C$25.00 in a research report on Monday, October 20th. JPMorgan Chase & Co. raised their price target on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock an “underweight” rating in a report on Wednesday, August 20th. CIBC boosted their price target on shares of Gibson Energy from C$26.00 to C$30.00 in a report on Wednesday. Royal Bank Of Canada upped their price target on shares of Gibson Energy from C$26.00 to C$28.00 in a research note on Wednesday. Finally, TD Securities reduced their price objective on Gibson Energy from C$24.00 to C$23.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$26.59.

Gibson Energy Stock Performance

Shares of GEI opened at C$26.55 on Wednesday. The company has a 50-day moving average of C$24.58 and a two-hundred day moving average of C$24.66. The stock has a market cap of C$4.35 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 1.85 and a beta of 0.25. 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 has a one year low of C$19.63 and a one year high of C$27.37.

Gibson Energy (TSE:GEI) last announced its earnings results on Monday, November 3rd. The company reported C$0.28 earnings per share (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.

Gibson Energy Company Profile

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.