Gibson Energy (TSE:GEI) Stock Rating Upgraded by TD Securities

Gibson Energy (TSE:GEI) was upgraded by stock analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Separately, TD raised Gibson Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from C$29.00 to C$32.00 in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$27.88.

Gibson Energy Stock Performance

TSE GEI opened at C$29.33 on Tuesday. Gibson Energy has a 1-year low of C$22.09 and a 1-year high of C$30.50. The company has a market capitalization of C$5.06 billion, a P/E ratio of 32.96, a PEG ratio of 1.85 and a beta of 0.21. The business has a 50 day moving average price of C$28.90 and a 200 day moving average price of C$27.27. The company has a debt-to-equity ratio of 281.88, a current ratio of 1.17 and a quick ratio of 0.87.

Gibson Energy (TSE:GEI) last released its quarterly earnings data on Monday, May 4th. The company reported C($0.01) earnings per share 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.