National Bank Financial Issues Positive Forecast for Gibson Energy (TSE:GEI) Stock Price

Gibson Energy (TSE:GEI) had its target price upped by stock analysts at National Bank Financial from C$34.00 to C$35.00 in a research report issued on Wednesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial‘s target price indicates a potential upside of 7.03% from the company’s previous close.

Several other research analysts have also recently issued reports on GEI. Jefferies Financial Group cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Canadian Imperial Bank of Commerce cut shares of Gibson Energy from an “outperformer” rating to a “hold” rating and set a C$34.00 price target on the stock. in a report on Thursday, October 22nd. TD raised their price target on shares of Gibson Energy from C$36.00 to C$40.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Gibson Energy from C$29.00 to C$30.00 in a report on Thursday, July 30th. Finally, Royal Bank Of Canada boosted their price objective on shares of Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$34.45.

Gibson Energy Stock Down 4.2%

Shares of GEI traded down C$1.44 during trading hours on Wednesday, hitting C$32.70. The company had a trading volume of 304,564 shares, compared to its average volume of 741,127. The stock has a market capitalization of C$5.64 billion, a price-to-earnings ratio of 32.70, a P/E/G ratio of 1.85 and a beta of -0.03. The firm has a fifty day moving average price of C$32.00 and a 200-day moving average price of C$29.93. Gibson Energy has a 52-week low of C$22.09 and a 52-week high of C$34.66. The company has a debt-to-equity ratio of 294.95, a quick ratio of 0.87 and a current ratio of 1.07.

Gibson Energy (TSE:GEI) last announced its quarterly earnings data 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 company had revenue of C$3.69 billion for the quarter.

More Gibson Energy News

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

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.