BMO Capital Markets Issues Positive Forecast for Gibson Energy (TSE:GEI) Stock Price

Gibson Energy (TSE:GEI) had its target price hoisted by equities research analysts at BMO Capital Markets from C$31.00 to C$33.00 in a research note issued to investors on Tuesday, BayStreet reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets‘s target price would suggest a potential downside of 3.06% from the company’s previous close.

GEI has been the topic of a number of other research reports. National Bank Financial increased their price target on Gibson Energy from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. ATB Cormark Capital Markets lifted their price objective on Gibson Energy from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research report on Friday, October 23rd. Raymond James Financial upped their target price on Gibson Energy from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Jefferies Financial Group lowered Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Canadian Imperial Bank of Commerce downgraded Gibson Energy from an “outperformer” rating to a “hold” rating and set a C$34.00 target price on the stock. in a research report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$33.20.

Gibson Energy Trading Up 1.9%

Shares of TSE:GEI traded up C$0.65 during trading on Tuesday, reaching C$34.04. The stock had a trading volume of 318,164 shares, compared to its average volume of 741,501. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 294.95. The stock has a market cap of C$5.88 billion, a P/E ratio of 34.04, a PEG ratio of 1.85 and a beta of -0.03. The business has a fifty day moving average price of C$31.94 and a 200-day moving average price of C$29.88. Gibson Energy has a fifty-two week low of C$22.09 and a fifty-two week high of C$34.66.

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

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.