Gibson Energy (TSE:GEI) had its price objective reduced by research analysts at National Bank Financial from C$23.00 to C$22.00 in a research report issued on Tuesday, BayStreet.CA reports. National Bank Financial’s price target points to a potential upside of 4.12% from the stock’s current price.
Several other research analysts have also weighed in on GEI. Tudor Pickering & Holt reissued a “hold” rating on shares of Gibson Energy in a research report on Monday, January 25th. CIBC dropped their price target on Gibson Energy from C$24.00 to C$23.00 in a research report on Thursday, January 28th. Scotiabank upped their price target on Gibson Energy from C$24.00 to C$25.00 in a research report on Tuesday, February 9th. TD Securities dropped their target price on Gibson Energy from C$24.00 to C$22.00 and set a “hold” rating on the stock in a research report on Wednesday, November 4th. Finally, Wells Fargo & Company upped their target price on Gibson Energy from C$22.00 to C$24.00 and gave the stock a “na” rating in a research report on Monday, November 30th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$23.81.
Shares of Gibson Energy stock traded up C$0.14 on Tuesday, reaching C$21.13. 1,242,165 shares of the company were exchanged, compared to its average volume of 575,716. The stock has a fifty day moving average price of C$20.80 and a 200-day moving average price of C$21.72. The firm has a market capitalization of C$3.09 billion and a price-to-earnings ratio of 21.83. The company has a current ratio of 0.87, a quick ratio of 0.67 and a debt-to-equity ratio of 195.92. Gibson Energy has a fifty-two week low of C$10.96 and a fifty-two week high of C$27.65.
Gibson Energy Inc, a crude oil infrastructure company, engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.
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