Gibson Energy (TSE:GEI) Price Target Raised to C$26.00 at Canaccord Genuity

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Gibson Energy (TSE:GEI) had its price target raised by analysts at Canaccord Genuity from C$24.00 to C$26.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity’s price target indicates a potential upside of 20.37% from the company’s previous close.

GEI has been the topic of a number of other reports. Scotiabank lifted their target price on Gibson Energy from C$27.50 to C$29.00 in a research note on Friday, February 7th. Royal Bank of Canada lifted their price objective on shares of Gibson Energy from C$21.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Raymond James increased their target price on shares of Gibson Energy from C$23.00 to C$24.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. TD Securities increased their target price on shares of Gibson Energy from C$21.00 to C$22.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Finally, CIBC downgraded shares of Gibson Energy from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from C$20.00 to C$22.00 in a report on Thursday, May 28th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$25.54.

GEI traded up C$0.07 during mid-day trading on Tuesday, reaching C$21.60. 156,628 shares of the stock were exchanged, compared to its average volume of 732,952. Gibson Energy has a 1 year low of C$10.96 and a 1 year high of C$28.34. The company has a 50 day moving average price of C$20.20 and a two-hundred day moving average price of C$23.25. The stock has a market capitalization of $3.06 billion and a PE ratio of 18.71. The company has a debt-to-equity ratio of 175.69, a quick ratio of 0.86 and a current ratio of 1.14.

Gibson Energy (TSE:GEI) last issued its quarterly earnings results on Monday, May 4th. The company reported C$0.34 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.31 by C$0.03. The business had revenue of C$1.46 billion for the quarter. Sell-side analysts expect that Gibson Energy will post 0.9 EPS for the current fiscal year.

Gibson Energy Company Profile

Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.

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Analyst Recommendations for Gibson Energy (TSE:GEI)

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