TD Issues Positive Forecast for Gibson Energy (TSE:GEI) Stock Price

Gibson Energy (TSE:GEI) had its target price upped by investment analysts at TD from C$36.00 to C$40.00 in a research report issued on Wednesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. TD‘s price target would indicate a potential upside of 22.32% from the company’s current price.

Several other research analysts have also issued reports on GEI. Raymond James Financial raised their target price on shares of Gibson Energy from C$37.00 to C$38.00 and gave the company an “outperform” rating in a research note on Wednesday. Jefferies Financial Group downgraded shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Canadian Imperial Bank of Commerce lowered shares of Gibson Energy from an “outperformer” rating to a “hold” rating and set a C$34.00 price objective on the stock. in a report on Thursday, October 22nd. Scotiabank raised their price objective on shares of Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Finally, BMO Capital Markets lifted their target price on shares of Gibson Energy from C$31.00 to C$33.00 and gave the stock a “market perform” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$34.45.

Gibson Energy Trading Down 4.2%

Gibson Energy stock traded down C$1.44 during mid-day trading on Wednesday, hitting C$32.70. The stock had a trading volume of 304,564 shares, compared to its average volume of 741,127. The stock has a 50-day simple moving average of C$32.00 and a two-hundred day simple moving average of C$29.93. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 294.95. The stock has a market capitalization of C$5.64 billion, a PE ratio of 32.70, a P/E/G ratio of 1.85 and a beta of -0.03. Gibson Energy has a 12 month low of C$22.09 and a 12 month high of C$34.66.

Gibson Energy (TSE:GEI) last announced its quarterly earnings data on Monday, November 2nd. The company reported C$0.45 earnings per share for the quarter. The firm 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%.

Key Stories Impacting Gibson Energy

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.