Gibson Energy (TSE:GEI) Stock Price Target Raised at ATB Cormark Capital Markets

Gibson Energy (TSE:GEI) had its price target hoisted by ATB Cormark Capital Markets from C$34.00 to C$35.00 in a note issued to investors on Wednesday, BayStreet reports. ATB Cormark Capital Markets’ price target would indicate a potential upside of 14.68% from the stock’s current price.

GEI has been the subject of several other reports. Jefferies Financial Group downgraded Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Gibson Energy from C$29.00 to C$30.00 in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce upped their target price on shares of Gibson Energy from C$33.00 to C$34.00 in a research note on Wednesday, July 29th. BMO Capital Markets increased their target price on shares of Gibson Energy from C$29.00 to C$32.00 in a report on Tuesday, July 28th. Finally, TD raised their price target on shares of Gibson Energy from C$34.00 to C$35.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Gibson Energy currently has an average rating of “Moderate Buy” and an average price target of C$32.90.

Gibson Energy Trading Up 0.7%

Shares of TSE:GEI traded up C$0.22 during mid-day trading on Wednesday, reaching C$30.52. 197,850 shares of the company were exchanged, compared to its average volume of 756,162. The company has a debt-to-equity ratio of 294.95, a current ratio of 1.07 and a quick ratio of 0.87. The firm has a market cap of C$5.27 billion, a price-to-earnings ratio of 30.52, a P/E/G ratio of 1.85 and a beta of -0.00. The firm’s 50-day simple moving average is C$31.37 and its 200 day simple moving average is C$29.96. Gibson Energy has a 1 year low of C$22.09 and a 1 year high of C$32.99.

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

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.