Gibson Energy (TSE:GEI) Raised to Outperform at BMO Capital Markets

Gibson Energy (TSE:GEI) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday, Marketbeat reports. The brokerage presently has a C$28.00 price target on the stock, up from their previous price target of C$25.50. BMO Capital Markets’ price target points to a potential upside of 9.42% from the company’s current price.

A number of other research analysts have also recently commented on the stock. CIBC raised their price target on shares of Gibson Energy from C$27.00 to C$29.00 in a research note on Thursday. Jefferies Financial Group lifted their target price on shares of Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday. JPMorgan Chase & Co. cut their target price on shares of Gibson Energy from C$27.00 to C$26.00 in a research note on Wednesday, October 2nd. National Bankshares lifted their target price on shares of Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Finally, Raymond James lifted their target price on shares of Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Gibson Energy currently has an average rating of “Buy” and an average price target of C$26.70.

Gibson Energy Price Performance

Shares of GEI opened at C$25.59 on Thursday. The stock has a market cap of C$4.17 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 1.85 and a beta of 1.25. 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 12 month low of C$19.42 and a 12 month high of C$26.10. The company has a 50-day moving average price of C$23.27 and a two-hundred day moving average price of C$22.73.

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.