Gibson Energy (TSE:GEI) Stock Rating Upgraded by TD

Gibson Energy (TSE:GEI) was upgraded by stock analysts at TD from a “hold” rating to a “buy” rating in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a C$32.00 price objective on the stock, up from their previous price objective of C$29.00. TD’s price target points to a potential upside of 8.99% from the company’s previous close.

Separately, TD Securities boosted their price target on shares of Gibson Energy from C$26.00 to C$29.00 and gave the company a “hold” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Gibson Energy has a consensus rating of “Moderate Buy” and a consensus target price of C$27.88.

Gibson Energy Trading Up 0.8%

Shares of GEI stock traded up C$0.22 on Tuesday, hitting C$29.36. 374,017 shares of the stock traded hands, compared to its average volume of 832,010. The firm’s 50-day moving average price is C$28.91 and its two-hundred day moving average price is C$27.23. The company has a debt-to-equity ratio of 281.88, a quick ratio of 0.87 and a current ratio of 1.17. The stock has a market capitalization of C$5.06 billion, a PE ratio of 32.99, a PEG ratio of 1.85 and a beta of 0.21. Gibson Energy has a twelve month low of C$22.09 and a twelve month high of C$30.50.

Gibson Energy (TSE:GEI) last announced its quarterly earnings results on Monday, May 4th. The company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$2.75 billion for the quarter. Gibson Energy had a net margin of 1.37% and a return on equity of 16.60%.

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.