Gibson Energy (TSE:GEI) Given New C$37.00 Price Target at ATB Cormark Capital Markets

Gibson Energy (TSE:GEI) had its target price raised by research analysts at ATB Cormark Capital Markets from C$35.00 to C$37.00 in a report released on Friday, BayStreet reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets‘s target price would indicate a potential upside of 9.89% from the stock’s current price.

Several other analysts have also recently commented on the company. National Bank Financial upped their target price on Gibson Energy from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Raymond James Financial boosted their price target on shares of Gibson Energy from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada boosted their price target on shares of Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. BMO Capital Markets upped their price objective on shares of Gibson Energy from C$29.00 to C$32.00 in a research note 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 report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$33.10.

Gibson Energy Trading Up 2.0%

Shares of TSE GEI traded up C$0.66 during trading on Friday, reaching C$33.67. The company had a trading volume of 274,776 shares, compared to its average volume of 746,731. The stock has a market cap of C$5.81 billion, a P/E ratio of 33.67, a PEG ratio of 1.85 and a beta of -0.03. The company’s fifty day moving average price is C$31.64 and its 200-day moving average price is C$30.26. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 294.95. Gibson Energy has a 12 month low of C$22.09 and a 12 month high of C$33.88.

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