Gibson Energy (TSE:GEI) PT Raised to C$28.00 at Royal Bank of Canada

Gibson Energy (TSE:GEI) had its price objective lifted by analysts at Royal Bank of Canada from C$27.00 to C$28.00 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock.

Other equities research analysts have also issued research reports about the company. National Bankshares lifted their price objective on Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. BMO Capital Markets lifted their price objective on Gibson Energy from C$25.00 to C$25.50 in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. lowered their price objective on Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Gibson Energy presently has a consensus rating of “Moderate Buy” and an average target price of C$25.72.

Gibson Energy Price Performance

The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. Gibson Energy has a twelve month low of C$18.74 and a twelve month high of C$23.64. The business’s 50-day moving average is C$22.05 and its 200-day moving average is C$22.54. The stock has a market capitalization of C$3.71 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.85 and a beta of 1.25.

Gibson Energy (TSE:GEI) last released its quarterly earnings results on Monday, July 29th. The company reported C$0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.36 by C$0.02. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%. The firm had revenue of C$3.23 billion for the quarter. As a group, analysts anticipate that Gibson Energy will post 1.6838951 earnings per share for the current year.

Insider Activity

In related news, Director Margaret Cahill Montana purchased 3,400 shares of Gibson Energy stock in a transaction dated Wednesday, August 7th. The stock was bought at an average cost of C$21.52 per share, for a total transaction of C$73,168.00. In other Gibson Energy news, Director Curtis Philippon purchased 23,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was bought at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. Also, Director Margaret Cahill Montana purchased 3,400 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was acquired at an average price of C$21.52 per share, with a total value of C$73,168.00. Insiders own 0.85% of the company’s stock.

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.