Gibson Energy (TSE:GEI) Stock Price Expected to Rise, TD Analyst Says

Key Points

• TD raised its price target for Gibson Energy to C$40 from C$36 and maintained a “buy” rating, implying 22.32% upside from the prior close.
• Analyst sentiment is broadly positive: MarketBeat reports a “Moderate Buy” consensus and a consensus price target of C$34.45, based on one Strong Buy, six Buy, and four Hold ratings.
• Shares traded at C$32.70 on Wednesday, down C$1.44. Gibson reported quarterly EPS of C$0.45 and revenue of C$3.69 billion; the article also cites record adjusted EBITDA and approval of a pipeline expansion project.

Gibson Energy (TSE:GEI - Get Free Report) had its target price lifted by investment analysts at TD from C$36.00 to C$40.00 in a research note issued on Wednesday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. TD's price target indicates a potential upside of 22.32% from the company's previous close.

GEI has been the topic of several other reports. JPMorgan Chase & Co. boosted their target price on Gibson Energy from C$29.00 to C$30.00 in a report on Thursday, July 30th. Jefferies Financial Group cut Gibson Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 22nd. Royal Bank Of Canada lifted their price objective on Gibson Energy from C$30.00 to C$33.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. ATB Cormark Capital Markets boosted their price objective on Gibson Energy from C$35.00 to C$37.00 and gave the stock an "outperform" rating in a research note on Friday, October 23rd. Finally, Scotiabank increased their target price on Gibson Energy from C$29.00 to C$31.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$34.45.

Gibson Energy Price Performance

Shares of GEI traded down C$1.44 during mid-day 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. The company has a debt-to-equity ratio of 294.95, a current ratio of 1.07 and a quick ratio of 0.87. The company's 50-day moving average is C$32.00 and its 200-day moving average is C$29.93. Gibson Energy has a twelve month low of C$22.09 and a twelve month high of C$34.66. The company has a market capitalization of C$5.64 billion, a P/E ratio of 32.70, a P/E/G ratio of 1.85 and a beta of -0.03.

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

Gibson Energy News Roundup

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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