Canaccord Genuity Lowers Gibson Energy (GEI) Price Target to C$23.00

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Gibson Energy (TSE:GEI) had its price objective dropped by Canaccord Genuity from C$25.00 to C$23.00 in a research report issued on Thursday. Canaccord Genuity’s price target points to a potential upside of 15.52% from the stock’s previous close.

Several other research firms also recently weighed in on GEI. Industrial Alliance Securities increased their price target on shares of Gibson Energy from C$22.00 to C$23.50 in a research report on Tuesday, October 16th. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$22.00 to C$25.00 in a research note on Tuesday, October 16th. National Bank Financial raised shares of Gibson Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$21.00 to C$23.00 in a research note on Friday, September 21st. JPMorgan Chase & Co. increased their price objective on shares of Gibson Energy from C$20.00 to C$23.00 in a research note on Thursday, September 27th. Finally, CSFB increased their price objective on shares of Gibson Energy from C$24.00 to C$26.00 in a research note on Tuesday, October 16th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$23.23.

GEI opened at C$19.91 on Thursday. The company has a current ratio of 1.36, a quick ratio of 0.68 and a debt-to-equity ratio of 169.73. Gibson Energy has a 1-year low of C$15.68 and a 1-year high of C$23.32.

Gibson Energy (TSE:GEI) last released its quarterly earnings results on Tuesday, November 6th. The company reported C$0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.21 by C($0.03). The business had revenue of C$2.13 billion for the quarter. Equities analysts anticipate that Gibson Energy will post 0.820000029063292 earnings per share for the current year.

About Gibson Energy

Gibson Energy Inc, an integrated midstream company, engages in the movement, storage, optimization, processing, marketing, and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste, and refined products in North America. It operates through four segments: Infrastructure, Logistics, Wholesale, and Other.

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