Gibson Energy (TSE:GEI) Stock Gets Price Target Boost from ATB Cormack

Gibson Energy (TSE:GEI) had its price target boosted by ATB Cormack from C$37.00 to C$39.00 in a report issued on Wednesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. ATB Cormack‘s price objective suggests a potential upside of 19.27% from the stock’s previous close.

Several other research firms have also weighed in on GEI. National Bank Financial lifted their price objective on Gibson Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday. Jefferies Financial Group downgraded shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 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 report on Wednesday. Royal Bank Of Canada lifted their price target on shares of Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Finally, BMO Capital Markets lifted their price target on shares of Gibson Energy from C$31.00 to C$33.00 and gave the company a “market perform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$34.45.

Gibson Energy Trading Down 4.2%

Shares of TSE GEI traded down C$1.44 on Wednesday, reaching C$32.70. 304,564 shares of the company traded hands, compared to its average volume of 741,127. Gibson Energy has a fifty-two week low of C$22.09 and a fifty-two week high of C$34.66. The company has a 50 day moving average of C$32.00 and a 200 day moving average of C$29.93. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 294.95. The stock has a market capitalization of C$5.64 billion, a PE ratio of 32.70, a P/E/G ratio of 1.85 and a beta of -0.03.

Gibson Energy (TSE:GEI) last posted its quarterly earnings results on Monday, November 2nd. The company reported C$0.45 earnings per share 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.

Gibson Energy News Summary

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

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.