ATB Cormark Capital Markets Increases Gibson Energy (TSE:GEI) Price Target to C$34.00

Gibson Energy (TSE:GEI) had its price objective upped by equities research analysts at ATB Cormark Capital Markets from C$32.00 to C$34.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective suggests a potential upside of 4.07% from the company’s current price.

GEI has been the subject of a number of other reports. BMO Capital Markets upped their price target on Gibson Energy from C$29.00 to C$32.00 in a research report on Tuesday. Scotiabank boosted their price objective on Gibson Energy from C$29.00 to C$31.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada upped their target price on Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a report on Wednesday. Jefferies Financial Group lowered Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, TD Securities raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$31.27.

Gibson Energy Price Performance

GEI traded up C$0.56 on Wednesday, hitting C$32.67. 399,352 shares of the company’s stock were exchanged, compared to its average volume of 807,400. Gibson Energy has a fifty-two week low of C$22.09 and a fifty-two week high of C$32.99. 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 firm has a 50-day moving average price of C$29.67 and a 200-day moving average price of C$28.75. The stock has a market cap of C$5.63 billion, a price-to-earnings ratio of 36.71, a P/E/G ratio of 1.85 and a beta of 0.11.

Gibson Energy (TSE:GEI) last issued its earnings results on Monday, July 27th. The company reported C$0.48 EPS for the quarter. The business had revenue of C$4.83 billion during the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%.

About Gibson Energy

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.