Gibson Energy (TSE:GEI) had its price target lifted by Industrial Alliance Securities from C$26.00 to C$27.00 in a report released on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Industrial Alliance Securities’ target price indicates a potential upside of 14.16% from the stock’s previous close.
Several other equities analysts also recently weighed in on the company. Canaccord Genuity reissued a “buy” rating and set a $7.50 target price on shares of in a research report on Tuesday, July 9th. National Bank Financial boosted their target price on Gibson Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Wednesday, April 3rd. GMP Securities reissued an “average” rating and set a C$16.00 target price on shares of AutoCanada in a research report on Wednesday, May 8th. CIBC downgraded TransAlta Renewables from a “neutral” rating to an “underperform” rating and boosted their target price for the company from C$13.00 to C$13.50 in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. cut their target price on from GBX 97 ($1.27) to GBX 89 ($1.16) and set a “neutral” rating on the stock in a research report on Monday, June 17th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of C$24.88.
TSE:GEI traded down C$0.24 during trading hours on Thursday, reaching C$23.65. The stock had a trading volume of 115,531 shares, compared to its average volume of 380,093. The company has a debt-to-equity ratio of 169.75, a current ratio of 1.30 and a quick ratio of 0.80. Gibson Energy has a 52 week low of C$16.90 and a 52 week high of C$24.43. The company’s 50 day moving average price is C$23.35. The company has a market capitalization of $3.47 billion and a PE ratio of 15.80.
Gibson Energy (TSE:GEI) last released its earnings results on Monday, May 6th. The company reported C$0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.35 by C$0.05. The company had revenue of C$1.75 billion for the quarter. Sell-side analysts anticipate that Gibson Energy will post 0.82 EPS for the current fiscal year.
About Gibson Energy
Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.
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