Gibson Energy (TSE:GEI) Stock Price Target Raised at Raymond James Financial

Gibson Energy (TSE:GEI) had its target price boosted by equities research analysts at Raymond James Financial from C$37.00 to C$38.00 in a research note issued on Wednesday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial‘s price objective suggests a potential upside of 16.21% from the stock’s current price.

Several other equities research analysts have also recently issued reports on GEI. TD raised their target price on Gibson Energy from C$34.00 to C$35.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Scotiabank upped their price target on Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. increased their price target on Gibson Energy from C$29.00 to C$30.00 in a report on Thursday, July 30th. National Bank Financial raised their price objective on Gibson Energy from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Finally, Canadian Imperial Bank of Commerce lowered shares of Gibson Energy from an “outperformer” rating to a “hold” rating and set a C$34.00 price objective on the stock. in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Gibson Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$34.45.

Gibson Energy Trading Down 4.2%

Shares of Gibson Energy stock traded down C$1.44 during mid-day trading on Wednesday, hitting C$32.70. The stock had a trading volume of 304,564 shares, compared to its average volume of 741,127. The firm has a 50-day moving average of C$32.00 and a two-hundred day moving average of C$29.93. The firm has a market cap of C$5.64 billion, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 1.85 and a beta of -0.03. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 294.95. Gibson Energy has a 12-month low of C$22.09 and a 12-month high of C$34.66.

Gibson Energy (TSE:GEI) last released its quarterly earnings results on Monday, November 2nd. The company reported C$0.45 EPS for the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%. The firm had revenue of C$3.69 billion for the quarter.

Key Headlines Impacting Gibson Energy

Here are the key news stories impacting Gibson Energy this week:

• Positive Sentiment: Gibson reported record consolidated and infrastructure adjusted EBITDA, while third-quarter net income increased year over year. It also sanctioned the Chauvin Pipeline expansion, adding a growth project to its outlook. Article
• Positive Sentiment: The company declared a quarterly dividend of C$0.45, supporting its income appeal for investors. Article
• Neutral Sentiment: Gibson reported quarterly earnings per share of C$0.45 and revenue of C$3.69 billion. The results point to solid operating performance, though the available reports do not establish how they compared with analyst expectations. Article
• Negative Sentiment: Debt and leverage remain investor concerns. BMO raised its price target to C$33 from C$31 but kept a “market perform” rating; the target was below the cited share price, suggesting limited near-term upside in the firm’s view. Article

About Gibson Energy

Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.