Tudor Pickering Reaffirms “Hold” Rating for Gibson Energy (TSE:GEI)

Gibson Energy (TSE:GEI)‘s stock had its “hold” rating reissued by analysts at Tudor Pickering in a note issued to investors on Tuesday, Stock Target Advisor reports. They presently have a C$22.00 target price on the stock. Tudor Pickering’s target price points to a potential upside of 3.48% from the company’s current price.

GEI has been the topic of a number of other research reports. CSFB set a C$24.00 price objective on Gibson Energy and gave the stock a “neutral” rating in a research note on Tuesday. CIBC dropped their price target on Gibson Energy from C$24.00 to C$23.00 in a research note on Thursday, January 28th. Canaccord Genuity reduced their price objective on shares of Gibson Energy from C$29.00 to C$27.00 in a research note on Tuesday, November 3rd. Raymond James lowered their target price on Gibson Energy from C$24.00 to C$23.00 and set a “market perform” rating for the company in a research note on Friday, January 15th. Finally, Wells Fargo & Company raised their price target on shares of Gibson Energy from C$22.00 to C$24.00 and gave the company a “na” rating in a research note on Monday, November 30th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$23.75.

GEI traded up C$0.27 on Tuesday, reaching C$21.26. The company had a trading volume of 1,860,579 shares, compared to its average volume of 594,396. The company has a debt-to-equity ratio of 195.92, a quick ratio of 0.67 and a current ratio of 0.87. Gibson Energy has a fifty-two week low of C$10.96 and a fifty-two week high of C$27.65. The company’s fifty day moving average is C$20.80 and its 200 day moving average is C$21.72. The stock has a market cap of C$3.11 billion and a P/E ratio of 21.99.

About Gibson Energy

Gibson Energy Inc, a crude oil infrastructure company, engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Marketing segments. 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, as well as procession, recovery, and disposal terminals.

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