Gibson Energy (TSE:GEI) Stock Price Expected to Rise, National Bank Financial Analyst Says

Key Points

• National Bank Financial raised its price target on Gibson Energy to C$35 from C$34 and maintained an “outperform” rating, implying 7.03% upside from the prior close.
• Analyst sentiment is broadly positive: Gibson has a “Moderate Buy” consensus rating and an average price target of C$34.45, though one firm downgraded the stock to “hold.”
• Shares fell 4.2% to C$32.70 on Wednesday. The company reported quarterly earnings of C$0.45 per share and revenue of C$3.69 billion.

Gibson Energy (TSE:GEI - Get Free Report) had its price objective lifted by analysts at National Bank Financial from C$34.00 to C$35.00 in a report released on Wednesday, BayStreet reports. The brokerage currently has an "outperform" rating on the stock. National Bank Financial's price objective indicates a potential upside of 7.03% from the stock's previous close.

GEI has been the topic of several other reports. TD upped their price target on Gibson Energy from C$36.00 to C$40.00 and gave the stock a "buy" rating in a research note on Wednesday. Canadian Imperial Bank of Commerce lowered Gibson Energy from an "outperformer" rating to a "hold" rating and set a C$34.00 price objective for the company. in a research report on Thursday, October 22nd. JPMorgan Chase & Co. boosted their target price on shares of Gibson Energy from C$29.00 to C$30.00 in a report on Thursday, July 30th. ATB Cormark Capital Markets upped their target price on shares of Gibson Energy from C$35.00 to C$37.00 and gave the stock an "outperform" rating in a research report on Friday, October 23rd. Finally, Scotiabank increased their price target on shares of Gibson Energy from C$29.00 to C$31.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Gibson Energy presently has a consensus rating of "Moderate Buy" and an average price target of C$34.45.

Gibson Energy Trading Down 4.2%

GEI stock traded down C$1.44 during trading on Wednesday, reaching C$32.70. The company had a trading volume of 304,564 shares, compared to its average volume of 741,127. Gibson Energy has a 52 week low of C$22.09 and a 52 week high of C$34.66. The company has a market cap of C$5.64 billion, a P/E ratio of 32.70, a PEG ratio of 1.85 and a beta of -0.03. The business has a 50 day moving average of C$32.00 and a 200 day moving average of C$29.93. The company has a debt-to-equity ratio of 294.95, a current ratio of 1.07 and a quick ratio of 0.87.

Gibson Energy (TSE:GEI - Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The company reported C$0.45 earnings per share for the quarter. Gibson Energy had a return on equity of 18.23% and a net margin of 1.32%. The business had revenue of C$3.69 billion for the quarter.

Trending Headlines about Gibson Energy

Here are the key news stories impacting Gibson Energy this week:

• Positive Sentiment: Gibson reported record consolidated and infrastructure adjusted EBITDA, while third-quarter net income increased year over year. It also sanctioned the Chauvin Pipeline expansion, adding a growth project to its outlook. Article
• Positive Sentiment: The company declared a quarterly dividend of C$0.45, supporting its income appeal for investors. Article
• Neutral Sentiment: Gibson reported quarterly earnings per share of C$0.45 and revenue of C$3.69 billion. The results point to solid operating performance, though the available reports do not establish how they compared with analyst expectations. Article
• Negative Sentiment: Debt and leverage remain investor concerns. BMO raised its price target to C$33 from C$31 but kept a “market perform” rating; the target was below the cited share price, suggesting limited near-term upside in the firm’s view. Article

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.

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