BMO Capital Markets Raises Gibson Energy (TSE:GEI) Price Target to C$25.00

Gibson Energy (TSE:GEI) had its price objective increased by equities research analysts at BMO Capital Markets from C$22.50 to C$25.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 9.84% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. National Bankshares upped their price objective on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Jefferies Financial Group set a C$25.00 price objective on shares of Gibson Energy and gave the stock a “buy” rating in a research report on Tuesday, February 27th. JPMorgan Chase & Co. upped their price objective on shares of Gibson Energy from C$25.00 to C$26.00 in a research report on Monday, April 15th. Finally, CIBC upped their price objective on shares of Gibson Energy from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Gibson Energy has a consensus rating of “Moderate Buy” and an average target price of C$25.67.

Gibson Energy Stock Performance

GEI stock traded down C$0.05 on Tuesday, hitting C$22.76. The company’s stock had a trading volume of 420,516 shares, compared to its average volume of 547,441. The firm has a 50 day moving average of C$22.70 and a two-hundred day moving average of C$21.42. Gibson Energy has a 1 year low of C$18.45 and a 1 year high of C$23.40. The stock has a market cap of C$3.68 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 303.96.

Gibson Energy (TSE:GEI) last released its quarterly earnings results on Tuesday, February 20th. The company reported C$0.32 EPS for the quarter, missing the consensus estimate of C$0.40 by C($0.08). Gibson Energy had a net margin of 1.95% and a return on equity of 28.84%. The business had revenue of C$2.81 billion during the quarter, compared to analysts’ expectations of C$3.33 billion. Equities analysts predict that Gibson Energy will post 1.5894955 EPS for the current fiscal year.

Insider Activity at Gibson Energy

In other Gibson Energy news, Director Khalid Muslih acquired 7,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average cost of C$16.63 per share, with a total value of C$116,410.00. In other Gibson Energy news, Director Khalid Muslih acquired 7,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average cost of C$16.63 per share, with a total value of C$116,410.00. Also, Director Steven R. Spaulding sold 55,823 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$22.72, for a total transaction of C$1,268,298.56. 0.81% of the stock is owned by corporate 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.