JPMorgan Chase & Co. Lowers Gibson Energy (TSE:GEI) Price Target to C$26.00

Gibson Energy (TSE:GEI) had its target price dropped by equities research analysts at JPMorgan Chase & Co. from C$27.00 to C$26.00 in a report issued on Wednesday, BayStreet.CA reports. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 17.12% from the company’s previous close.

Several other research analysts have also commented on the stock. National Bankshares increased their price target on shares of Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. BMO Capital Markets increased their price objective on Gibson Energy from C$25.00 to C$25.50 in a report on Thursday, September 5th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$25.44.

Gibson Energy Stock Down 0.5 %

Shares of TSE GEI traded down C$0.11 during mid-day trading on Wednesday, reaching C$22.20. The company had a trading volume of 206,449 shares, compared to its average volume of 555,585. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. The company has a market capitalization of C$3.61 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.85 and a beta of 1.25. The stock has a fifty day moving average of C$22.07 and a two-hundred day moving average of C$22.55. Gibson Energy has a 12-month low of C$18.45 and a 12-month high of C$23.64.

Gibson Energy (TSE:GEI) last issued its earnings results on Monday, July 29th. The company reported C$0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.36 by C$0.02. Gibson Energy had a net margin of 1.42% and a return on equity of 23.48%. The company had revenue of C$3.23 billion during the quarter. As a group, equities research analysts expect that Gibson Energy will post 1.6838951 EPS for the current year.

Insider Activity

In other Gibson Energy news, Director Curtis Philippon bought 23,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average price of C$22.03 per share, with a total value of C$506,690.00. In other news, Director Margaret Cahill Montana bought 3,400 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of C$21.52 per share, for a total transaction of C$73,168.00. Also, Director Curtis Philippon acquired 23,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were purchased at an average cost of C$22.03 per share, with a total value of C$506,690.00. Corporate insiders own 0.85% of the company’s stock.

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.