Gibson Energy (TSE:GEI – Get Free Report) 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.
Get Our Latest Analysis on GEI
Gibson Energy Stock Performance
Gibson Energy (TSE:GEI – Get Free Report) 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.
Further Reading
- Five stocks we like better than Gibson Energy
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Does GTA VI Make Take-Two Interactive Stock an Irresistible Buy?
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Why HPE’s Dip Is a Prime Opportunity for Blue-Chip AI Investors
- 3 Stocks to Consider Buying in October
- Why Analysts See Big Upside for Occidental Petroleum Despite Lows
Receive News & Ratings for Gibson Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibson Energy and related companies with MarketBeat.com's FREE daily email newsletter.