BMO Capital Markets Upgrades Gibson Energy (TSE:GEI) to “Outperform”

Gibson Energy (TSE:GEI) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a C$28.00 target price on the stock, up from their previous target price of C$25.50. BMO Capital Markets’ price target suggests a potential upside of 9.46% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada lifted their target price on Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Jefferies Financial Group lifted their target price on Gibson Energy from C$25.00 to C$26.00 in a report on Thursday. JPMorgan Chase & Co. decreased their target price on Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. Scotiabank lifted their price target on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday. Finally, National Bankshares lifted their price target on Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Gibson Energy currently has a consensus rating of “Buy” and a consensus price target of C$26.70.

Gibson Energy Stock Performance

Shares of Gibson Energy stock traded up C$1.55 on Thursday, reaching C$25.58. 941,413 shares of the stock were exchanged, compared to its average volume of 579,940. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. Gibson Energy has a twelve month low of C$19.42 and a twelve month high of C$26.10. The firm has a market capitalization of C$4.16 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 1.85 and a beta of 1.25. The business has a 50 day moving average price of C$23.14 and a two-hundred day moving average price of C$22.69.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.