Gibson Energy (TSE:GEI) will be releasing its earnings data after the market closes on Tuesday, August 6th. Analysts expect Gibson Energy to post earnings of C$0.14 per share for the quarter.
Gibson Energy (TSE:GEI) last released its quarterly earnings data on Monday, May 6th. The company reported C$0.40 earnings per share for the quarter, topping the consensus estimate of C$0.35 by C$0.05. The company had revenue of C$1.75 billion for the quarter.
GEI opened at C$23.02 on Monday. The company has a market cap of $3.34 billion and a price-to-earnings ratio of 15.38. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 169.75. The stock’s fifty day moving average is C$23.54. Gibson Energy has a fifty-two week low of C$16.90 and a fifty-two week high of C$24.43.
Several research firms have recently weighed in on GEI. Industrial Alliance Securities raised their price objective on Gibson Energy from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Raymond James reissued an “outperform” rating and set a C$25.00 price objective on shares of Gibson Energy in a research note on Friday, July 26th. JPMorgan Chase & Co. raised Gibson Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from C$26.00 to C$27.00 in a research note on Monday, June 17th. Canaccord Genuity raised their price objective on Gibson Energy from C$25.00 to C$26.00 in a research note on Tuesday, July 9th. Finally, GMP Securities decreased their target price on Gibson Energy from C$24.00 to C$22.50 in a research report on Wednesday, May 8th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of C$24.88.
About Gibson Energy
Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.
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