Gibson Energy (TSE:GEI) Rating Increased to Buy at Stifel Nicolaus

Gibson Energy (TSE:GEI – Get Rating) was upgraded by Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a C$26.00 price objective on the stock, up from their previous price objective of C$25.00. Stifel Nicolaus’ price target would indicate a potential upside of 20.59% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. TD Securities raised shares of Gibson Energy from a “hold” rating to a “buy” rating and set a C$26.00 price objective on the stock in a report on Tuesday, April 4th. Stifel Firstegy reiterated a “hold” rating on shares of Gibson Energy in a report on Thursday, February 9th. CSFB upped their target price on Gibson Energy from C$25.00 to C$25.50 in a report on Wednesday, February 8th. JPMorgan Chase & Co. decreased their price target on shares of Gibson Energy from C$27.00 to C$26.00 in a report on Monday, April 17th. Finally, National Bankshares boosted their price target on Gibson Energy from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a report on Friday, January 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$25.08.

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Gibson Energy Price Performance

Shares of TSE GEI opened at C$21.56 on Wednesday. The stock’s 50 day moving average price is C$22.09 and its 200-day moving average price is C$23.22. The company has a market capitalization of C$3.07 billion, a PE ratio of 12.25, a PEG ratio of 1.85 and a beta of 1.36. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 282.25. Gibson Energy has a twelve month low of C$21.03 and a twelve month high of C$27.75.

Gibson Energy (TSE:GEI – Get Rating) last released its quarterly earnings data on Tuesday, February 21st. The company reported C$0.43 EPS for the quarter, topping the consensus estimate of C$0.41 by C$0.02. Gibson Energy had a return on equity of 42.46% and a net margin of 2.42%. The firm had revenue of C$2.50 billion for the quarter. On average, equities analysts anticipate that Gibson Energy will post 1.631264 EPS for the current year.

About Gibson Energy

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Gibson Energy Inc, a liquids infrastructure company, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in North America. It operates through two segments, Infrastructure and Marketing. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, and a crude oil processing facility.

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