Gibson Energy (TSE:GEI) Price Target Raised to C$31.00

Gibson Energy (TSE:GEI) had its price objective upped by stock analysts at Scotiabank from C$29.00 to C$31.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target points to a potential upside of 1.34% from the stock’s previous close.

Several other equities analysts also recently commented on GEI. National Bank Financial boosted their price objective on Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Finally, TD raised Gibson Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$29.00 to C$32.00 in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Gibson Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$28.55.

Gibson Energy Price Performance

Shares of TSE GEI traded down C$0.16 during midday trading on Tuesday, reaching C$30.59. The stock had a trading volume of 94,312 shares, compared to its average volume of 810,503. The company has a market capitalization of C$5.28 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 1.85 and a beta of 0.11. Gibson Energy has a 12-month low of C$22.09 and a 12-month high of C$31.23. The stock has a 50-day moving average of C$29.40 and a 200-day moving average of C$28.49. The company has a debt-to-equity ratio of 281.88, a quick ratio of 0.87 and a current ratio of 1.17.

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

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.