JPMorgan Chase & Co. Trims Gibson Energy (TSE:GEI) Target Price to C$26.00

Gibson Energy (TSE:GEI) had its target price dropped by stock analysts at JPMorgan Chase & Co. from C$27.00 to C$26.00 in a research note issued on Wednesday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 17.12% from the stock’s previous close.

Several other equities analysts also recently weighed in on GEI. BMO Capital Markets raised their price objective on Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th. National Bankshares increased their price objective on shares of Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.44.

Gibson Energy Stock Performance

GEI stock traded down C$0.11 during trading on Wednesday, hitting C$22.20. The company had a trading volume of 206,449 shares, compared to its average volume of 555,585. Gibson Energy has a 1-year low of C$18.45 and a 1-year high of C$23.64. The firm has a 50-day moving average price of C$22.07 and a 200-day moving average price of C$22.55. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. The firm has a market cap of C$3.61 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Gibson Energy (TSE:GEI) last announced its quarterly earnings data on Monday, July 29th. The company reported C$0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.36 by C$0.02. The company had revenue of C$3.23 billion for the quarter. Gibson Energy had a net margin of 1.42% and a return on equity of 23.48%. On average, analysts expect that Gibson Energy will post 1.6838951 earnings per share for the current year.

Insider Activity at Gibson Energy

In related news, Director Margaret Cahill Montana acquired 3,400 shares of Gibson Energy stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average price of C$21.52 per share, for a total transaction of C$73,168.00. In related news, Director Margaret Cahill Montana bought 3,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average price of C$21.52 per share, for a total transaction of C$73,168.00. Also, Director Curtis Philippon bought 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. 0.85% of the stock is owned by corporate insiders.

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.