National Bank Financial Forecasts Strong Price Appreciation for Gibson Energy (TSE:GEI) Stock

Gibson Energy (TSE:GEI) had its target price lifted by investment analysts at National Bank Financial from C$30.00 to C$33.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 13.68% from the stock’s previous close.

GEI has been the topic of a number of other research reports. TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. TD upgraded shares of Gibson Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$29.00 to C$32.00 in a research report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$28.21.

Gibson Energy Trading Up 2.0%

Gibson Energy stock traded up C$0.58 during mid-day trading on Monday, hitting C$29.03. The company’s stock had a trading volume of 703,980 shares, compared to its average volume of 831,613. The company has a debt-to-equity ratio of 281.88, a current ratio of 1.17 and a quick ratio of 0.87. The stock has a market cap of C$5.01 billion, a price-to-earnings ratio of 32.62, a price-to-earnings-growth ratio of 1.85 and a beta of 0.21. The business has a 50 day moving average price of C$28.84 and a 200-day moving average price of C$27.39. Gibson Energy has a 12 month low of C$22.09 and a 12 month high of C$30.50.

Gibson Energy (TSE:GEI) last released its quarterly earnings data on Monday, May 4th. The company reported C($0.01) earnings per share (EPS) for the quarter. Gibson Energy had a net margin of 1.37% and a return on equity of 16.60%. The firm had revenue of C$2.75 billion during the quarter.

Gibson Energy Company Profile

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.