Gibson Energy (TSE:GEI) Stock Rating Upgraded by TD

Gibson Energy (TSE:GEI) was upgraded by equities research analysts at TD from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a C$32.00 price objective on the stock, up from their prior price objective of C$29.00. TD’s price objective would indicate a potential upside of 8.99% from the stock’s previous close.

Separately, TD Securities lifted their price objective on shares of Gibson Energy from C$26.00 to C$29.00 and gave the company a “hold” rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$27.88.

Gibson Energy Stock Performance

GEI stock traded up C$0.22 during trading on Tuesday, reaching C$29.36. The company had a trading volume of 374,017 shares, compared to its average volume of 832,010. The firm has a 50-day simple moving average of C$28.91 and a 200-day simple moving average of C$27.23. The company has a market cap of C$5.06 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 1.85 and a beta of 0.21. The company has a debt-to-equity ratio of 281.88, a quick ratio of 0.87 and a current ratio of 1.17. Gibson Energy has a twelve month low of C$22.09 and a twelve month high of C$30.50.

Gibson Energy (TSE:GEI) last released its earnings results on Monday, May 4th. The company reported C($0.01) EPS 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.