Gibson Energy (TSE:GEI) Price Target Increased to C$25.00 by Analysts at BMO Capital Markets

Gibson Energy (TSE:GEI - Get Free Report) had its target price upped by BMO Capital Markets from C$22.50 to C$25.00 in a report released on Tuesday, BayStreet.CA reports. BMO Capital Markets' target price suggests a potential upside of 10.72% from the stock's current price.

Several other equities analysts have also recently commented on GEI. JPMorgan Chase & Co. upped their price target on Gibson Energy from C$25.00 to C$26.00 in a report on Monday, April 15th. Jefferies Financial Group set a C$25.00 price objective on shares of Gibson Energy and gave the company a "buy" rating in a research note on Tuesday, February 27th. National Bankshares raised their price objective on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock an "outperform" rating in a report on Tuesday, January 30th. Finally, CIBC upped their target price on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research note on Monday, January 8th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$25.67.

Gibson Energy Stock Performance

GEI stock traded down C$0.23 during midday trading on Tuesday, hitting C$22.58. 804,178 shares of the company traded hands, compared to its average volume of 552,302. The business has a 50 day simple moving average of C$22.70 and a 200-day simple moving average of C$21.42. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 303.96. Gibson Energy has a twelve month low of C$18.45 and a twelve month high of C$23.40. The stock has a market capitalization of C$3.65 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29.

Gibson Energy (TSE:GEI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The company reported C$0.32 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of C$3.33 billion. As a group, equities research analysts predict that Gibson Energy will post 1.5894955 earnings per share for the current year.

Insider Buying and Selling

In other Gibson Energy news, Director Khalid Muslih purchased 7,000 shares of the firm's stock in a transaction dated Tuesday, March 5th. The stock was bought at an average cost of C$16.63 per share, with a total value of C$116,410.00. In other news, Senior Officer Sean Brown sold 35,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$19.97, for a total value of C$698,950.00. Also, Director Khalid Muslih bought 7,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average cost of C$16.63 per share, with a total value of C$116,410.00. Company 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.