Gibson Energy (TSE:GEI) PT Raised to C$25.00

Gibson Energy (TSE:GEI) had its price objective lifted by investment analysts at BMO Capital Markets from C$22.50 to C$25.00 in a report issued on Tuesday, BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 13.07% from the company’s previous close.

Several other analysts also recently commented on GEI. JPMorgan Chase & Co. raised their target price on shares of Gibson Energy from C$25.00 to C$26.00 in a report on Monday, April 15th. CIBC raised their target price on shares of Gibson Energy from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. National Bankshares raised their target price on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Finally, Jefferies Financial Group set a C$25.00 target price on shares of Gibson Energy and gave the stock a “buy” rating in a report on Tuesday, February 27th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.63.

Gibson Energy Stock Down 2.1 %

Gibson Energy stock opened at C$22.11 on Tuesday. The company’s 50 day simple moving average is C$22.74 and its 200 day simple moving average is C$21.44. Gibson Energy has a fifty-two week low of C$18.45 and a fifty-two week high of C$23.40. The firm has a market capitalization of C$3.57 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 1.85 and a beta of 1.29. The company has a debt-to-equity ratio of 303.96, a current ratio of 1.12 and a quick ratio of 0.87.

Gibson Energy (TSE:GEI) last released its quarterly earnings data on Tuesday, February 20th. The company reported C$0.32 earnings per share for the quarter, missing the consensus estimate of C$0.40 by C($0.08). Gibson Energy had a return on equity of 28.84% and a net margin of 1.95%. The firm had revenue of C$2.81 billion for the quarter, compared to the consensus estimate of C$3.33 billion. As a group, sell-side analysts anticipate that Gibson Energy will post 1.5894955 EPS for the current year.

Insider Buying and Selling

In other news, Director Khalid Muslih bought 7,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average cost of C$16.63 per share, for a total transaction of C$116,410.00. In related news, Senior Officer Sean Brown sold 35,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$19.97, for a total transaction of C$698,950.00. Also, Director Khalid Muslih acquired 7,000 shares of Gibson Energy stock in a transaction on Tuesday, March 5th. The shares were bought at an average cost of C$16.63 per share, with a total value of C$116,410.00. 0.81% of the stock is owned by corporate insiders.

Gibson Energy Company Profile

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.