JPMorgan Chase & Co. Downgrades Gibson Energy (TSE:GEI) to Hold

JPMorgan Chase & Co. lowered shares of Gibson Energy (TSE:GEI) to a hold rating in a report released on Tuesday, TipRanks reports. JPMorgan Chase & Co. currently has C$25.00 price target on the stock.

GEI has been the subject of several other reports. Tudor Pickering reissued a hold rating and issued a C$23.00 price target on shares of Gibson Energy in a report on Tuesday, November 2nd. CIBC reissued a hold rating and issued a C$24.00 price target on shares of Gibson Energy in a report on Tuesday, November 2nd. CSFB set a C$25.00 price target on shares of Gibson Energy and gave the company an underperform rating in a report on Tuesday, November 2nd. Tudor Pickering & Holt set a C$23.00 price target on shares of Gibson Energy and gave the company a hold rating in a report on Tuesday, November 2nd. Finally, National Bank Financial raised their price target on shares of Gibson Energy to C$24.00 and gave the company a sector perform rating in a report on Wednesday, August 4th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of C$24.29.

GEI opened at C$23.97 on Tuesday. The company has a 50 day moving average of C$23.68 and a 200 day moving average of C$23.62. The company has a market cap of C$3.51 billion and a PE ratio of 31.13. Gibson Energy has a 12 month low of C$18.78 and a 12 month high of C$26.98. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 257.94.

Gibson Energy (TSE:GEI) last announced its quarterly earnings results on Monday, November 1st. The company reported C$0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.25 by C($0.01). The business had revenue of C$1.81 billion for the quarter. Research analysts forecast that Gibson Energy will post 1.1219203 earnings per share for the current fiscal year.

About Gibson Energy

Gibson Energy Inc, an oil infrastructure company, engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through two segments, Infrastructure and Marketing. 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.

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Analyst Recommendations for Gibson Energy (TSE:GEI)

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