National Bank Financial Forecasts Strong Price Appreciation for Gibson Energy (TSE:GEI) Stock

Gibson Energy (TSE:GEI) had its price objective lifted by National Bank Financial from C$30.00 to C$33.00 in a report released on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 13.68% from the company’s previous close.

Several other analysts also recently weighed in on GEI. TD Securities upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. TD upgraded shares of Gibson Energy from a “hold” rating to a “buy” rating and increased their price target for the company from C$29.00 to C$32.00 in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Gibson Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$28.21.

Gibson Energy Stock Up 2.0%

Shares of Gibson Energy stock traded up C$0.58 during midday trading on Monday, hitting C$29.03. The company had a trading volume of 703,980 shares, compared to its average volume of 831,613. The company has a debt-to-equity ratio of 281.88, a quick ratio of 0.87 and a current ratio of 1.17. The stock has a market capitalization of C$5.01 billion, a P/E ratio of 32.62, a P/E/G ratio of 1.85 and a beta of 0.21. The company has a 50 day moving average of C$28.84 and a 200 day moving average of C$27.39. Gibson Energy has a 52-week low of C$22.09 and a 52-week high of C$30.50.

Gibson Energy (TSE:GEI) last posted its quarterly earnings results on Monday, May 4th. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$2.75 billion during the quarter. Gibson Energy had a return on equity of 16.60% and a net margin of 1.37%.

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.