BMO Capital Markets Downgrades Gibson Energy (TSE:GEI) to Hold

Key Points

• BMO Capital Markets has downgraded Gibson Energy from an "outperform" to a "market perform" rating, adjusting their target price to C$27.00, reflecting a potential upside of 5.02% from its previous close.
• Other analysts have varying target prices, with National Bankshares currently at C$25.00 and Scotiabank at C$27.00, while the overall consensus rating remains a "Moderate Buy."
• Shares of Gibson Energy traded down to C$25.71, with a 52-week range between C$19.63 and C$26.32 during Monday's trading session.

Gibson Energy (TSE:GEI - Get Free Report) was downgraded by BMO Capital Markets from an "outperform" rating to a "hold" rating in a research report issued on Monday, Marketbeat reports. They currently have a C$27.00 target price on the stock, up from their previous target price of C$26.00. BMO Capital Markets' price target indicates a potential upside of 5.30% from the stock's current price.

Other equities analysts have also issued research reports about the stock. Scotiabank lifted their price target on shares of Gibson Energy from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. National Bankshares lifted their price target on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Raymond James Financial lifted their price target on shares of Gibson Energy from C$30.00 to C$30.50 and gave the stock a "strong-buy" rating in a report on Tuesday, June 17th. Royal Bank Of Canada lifted their target price 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 Wednesday, July 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$26.41.

Gibson Energy Price Performance

Shares of TSE:GEI opened at C$25.64 on Monday. The firm has a market cap of C$4.20 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 1.85 and a beta of 0.40. The firm's fifty day moving average is C$25.07 and its 200-day moving average is C$23.27. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. Gibson Energy has a 52 week low of C$19.63 and a 52 week high of C$26.32.

Gibson Energy Company Profile

Gibson Energy Inc is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility.