Gibson Energy (TSE:GEI) Given New C$35.00 Price Target at TD

Gibson Energy (TSE:GEI) had its target price hoisted by investment analysts at TD from C$34.00 to C$35.00 in a research note issued on Tuesday, BayStreet reports. The firm presently has a “buy” rating on the stock. TD’s price target suggests a potential upside of 10.20% from the company’s previous close.

Other research analysts have also issued research reports about the company. TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. ATB Cormark Capital Markets increased their target price on Gibson Energy from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Canadian Imperial Bank of Commerce raised their price target on Gibson Energy from C$33.00 to C$34.00 in a report on Wednesday, July 29th. BMO Capital Markets lifted their price target on Gibson Energy from C$29.00 to C$32.00 in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$32.80.

Gibson Energy Stock Up 1.8%

GEI traded up C$0.57 during midday trading on Tuesday, reaching C$31.76. The company’s stock had a trading volume of 290,745 shares, compared to its average volume of 776,421. The firm has a market capitalization of C$5.48 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 1.85 and a beta of 0.12. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 294.95. Gibson Energy has a 1 year low of C$22.09 and a 1 year high of C$32.99. The stock’s 50-day moving average is C$30.78 and its 200-day moving average is C$29.62.

Gibson Energy (TSE:GEI) last released its earnings results on Monday, July 27th. The company reported C$0.48 earnings per share (EPS) for the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%. The firm had revenue of C$4.83 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.