Gibson Energy (TSE:GEI) Price Target Raised to C$35.00 at TD

Key Points

• TD raised Gibson Energy’s price target to C$35.00 from C$34.00 and maintained a “Buy” rating, implying approximately 10.2% upside from the reported C$31.76 share price.
• Analyst sentiment remains positive, with the stock carrying a consensus “Moderate Buy” rating and an average price target of C$32.80; Raymond James has the highest target at C$36.00.
• Gibson Energy shares rose 1.8% to C$31.76 during Tuesday trading. The company recently reported quarterly earnings of C$0.48 per share on C$4.83 billion in revenue.

Gibson Energy (TSE:GEI - Get Free Report) had its price target hoisted by TD from C$34.00 to C$35.00 in a note issued to investors on Tuesday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. TD's target price points to a potential upside of 10.20% from the company's current price.

A number of other research firms have also commented on GEI. Raymond James Financial upped their price target on Gibson Energy from C$35.00 to C$36.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. National Bank Financial upped their target price on Gibson Energy from C$33.00 to C$34.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. ATB Cormark Capital Markets raised their price target on Gibson Energy from C$32.00 to C$34.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. BMO Capital Markets lifted their price target on shares of Gibson Energy from C$29.00 to C$32.00 in a report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Gibson Energy from C$29.00 to C$30.00 in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$32.80.

Gibson Energy Trading Up 1.8%

Shares of GEI stock traded up C$0.57 during mid-day trading on Tuesday, reaching C$31.76. The stock had a trading volume of 290,745 shares, compared to its average volume of 776,421. The stock's 50-day moving average price is C$30.78 and its two-hundred day moving average price is C$29.62. Gibson Energy has a 52-week low of C$22.09 and a 52-week high of C$32.99. The firm has a market capitalization of C$5.48 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 1.85 and a beta of 0.12. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 294.95.

Gibson Energy (TSE:GEI - Get Free Report) last posted its earnings results on Monday, July 27th. The company reported C$0.48 earnings per share for the quarter. The company had revenue of C$4.83 billion during the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%.

Gibson Energy Company Profile

Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company's operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source