Gibson Energy (TSE:GEI) Price Target Increased to C$26.00 by Analysts at JPMorgan Chase & Co.

Gibson Energy (TSE:GEI - Get Free Report) had its price objective lifted by analysts at JPMorgan Chase & Co. from C$25.00 to C$26.00 in a note issued to investors on Monday, BayStreet.CA reports. JPMorgan Chase & Co.'s target price indicates a potential upside of 13.89% from the company's current price.

A number of other equities analysts also recently issued reports on the company. Jefferies Financial Group set a C$25.00 price target on Gibson Energy and gave the stock a "buy" rating in a research report on Tuesday, February 27th. CIBC upped their price objective on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an "outperform" rating in a report on Monday, January 8th. Finally, National Bankshares lifted their target price on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 30th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$25.35.

Gibson Energy Stock Down 0.4 %

Shares of GEI stock traded down C$0.10 during mid-day trading on Monday, hitting C$22.83. The stock had a trading volume of 517,837 shares, compared to its average volume of 558,710. Gibson Energy has a 12-month low of C$18.45 and a 12-month high of C$23.40. The firm's 50-day moving average is C$22.26 and its two-hundred day moving average is C$21.16. The firm has a market capitalization of C$3.69 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. The company has a debt-to-equity ratio of 303.96, a current ratio of 1.12 and a quick ratio of 0.87.

Gibson Energy (TSE:GEI - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The company reported C$0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of C$3.33 billion. On average, analysts predict that Gibson Energy will post 1.5894955 earnings per share for the current fiscal year.

Insider Transactions at Gibson Energy

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

Gibson Energy Company Profile

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.