Gibson Energy (TSE:GEI) Price Target Raised to C$28.00

Gibson Energy (TSE:GEI) had its price target lifted by stock analysts at Credit Suisse Group from C$26.00 to C$28.00 in a research note issued on Monday, Stock Target Advisor reports. Credit Suisse Group’s price target would suggest a potential upside of 1.45% from the company’s previous close.

A number of other research analysts have also recently issued reports on GEI. TD Securities lifted their price target on shares of Gibson Energy from C$24.00 to C$25.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Raymond James reissued an “outperform” rating and set a C$25.00 price target on shares of Gibson Energy in a research report on Tuesday, November 5th. Royal Bank of Canada raised shares of Gibson Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$27.00 to C$31.00 in a research report on Wednesday, December 4th. CIBC cut shares of Gibson Energy from an “outperform” rating to a “neutral” rating and lifted their price target for the company from C$28.00 to C$29.00 in a research report on Friday, December 20th. Finally, Canaccord Genuity lifted their price target on shares of Gibson Energy from C$28.00 to C$30.00 in a research report on Tuesday, December 10th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Gibson Energy currently has a consensus rating of “Buy” and an average price target of C$27.35.

TSE GEI traded down C$0.06 during trading hours on Monday, reaching C$27.60. 141,267 shares of the company’s stock traded hands, compared to its average volume of 466,603. Gibson Energy has a 52-week low of C$19.01 and a 52-week high of C$27.80. The firm has a market cap of $4.01 billion and a PE ratio of 24.75. The firm has a 50-day simple moving average of C$26.62 and a 200 day simple moving average of C$24.25. The company has a debt-to-equity ratio of 209.24, a current ratio of 1.07 and a quick ratio of 0.90.

Gibson Energy (TSE:GEI) last issued its quarterly earnings results on Monday, November 4th. The company reported C$0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.21 by C$0.09. The business had revenue of C$1.99 billion for the quarter. Sell-side analysts forecast that Gibson Energy will post 1.2100001 EPS for the current fiscal year.

Gibson Energy Company Profile

Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.

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