BMO Capital Markets Boosts Gibson Energy (TSE:GEI) Price Target to C$25.50

Gibson Energy (TSE:GEI) had its price objective lifted by BMO Capital Markets from C$25.00 to C$25.50 in a note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 15.96% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an “overweight” rating in a report on Friday, June 28th. National Bankshares boosted their target price on shares of Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$25.56.

Gibson Energy Stock Performance

Shares of TSE GEI opened at C$21.99 on Thursday. The stock has a market capitalization of C$3.57 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.85 and a beta of 1.25. The firm’s 50-day moving average price is C$22.22 and its two-hundred day moving average price is C$22.54. Gibson Energy has a 52-week low of C$18.45 and a 52-week high of C$23.64. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01.

Gibson Energy (TSE:GEI) last announced its quarterly earnings results on Monday, July 29th. The company reported C$0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.36 by C$0.02. The business had revenue of C$3.23 billion for the quarter. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%. As a group, sell-side analysts forecast that Gibson Energy will post 1.4429134 earnings per share for the current year.

Insider Activity at Gibson Energy

In related news, Director Margaret Cahill Montana purchased 3,400 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of C$21.52 per share, for a total transaction of C$73,168.00. In other news, Director Curtis Philippon acquired 23,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were bought at an average price of C$22.03 per share, with a total value of C$506,690.00. Also, Director Margaret Cahill Montana acquired 3,400 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average price of C$21.52 per share, with a total value of C$73,168.00. 0.84% of the stock is currently owned by insiders.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.