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

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

Several other equities research analysts also recently issued reports on the company. Raymond James raised their price target on Gibson Energy from C$28.50 to C$30.00 in a research report on Thursday. Jefferies Financial Group raised their price target on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday. JPMorgan Chase & Co. lowered their price target on Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. Scotiabank raised their price target on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday. Finally, CIBC raised their price target on Gibson Energy from C$27.00 to C$29.00 in a research report on Thursday. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$26.70.

Gibson Energy Stock Performance

Shares of TSE:GEI opened at C$25.59 on Thursday. The company has a market cap of C$4.17 billion, a P/E ratio of 24.14, a P/E/G ratio of 1.85 and a beta of 1.25. The stock’s 50-day moving average is C$23.27 and its 200-day moving average is C$22.73. Gibson Energy has a 52-week low of C$19.42 and a 52-week high of C$26.10. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18.

Gibson Energy Company Profile

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.