Gibson Energy Inc T.GEI

Alternate Symbol(s): GBNXF

Energy Oil & Gas Refining & Marketing

Gibson Energy Inc. is a liquids infrastructure company. The Company’s principal businesses consist of the storage, optimization, processing, and gathering of liquids and refined products. Its segments include Infrastructure and Marketing. The Infrastructure segment includes a network of liquids infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other small terminals. The Marketing segment is involved in the purchasing, selling, storing, and optimizing of hydrocarbon products as part of supplying the Moose Jaw Facility and marketing its refined products, as well as helping to drive volumes through the Company’s key infrastructure assets. The Marketing segment also engages in optimization opportunities. The Company's operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside, Texas, and including a facility in Moose Jaw, Saskatchewan.

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Gibson Energy Inc > Outperform And Hiked to $28

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Post by ace1mccoyon Dec 05, 2024 11:01am

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Post# 36347205

Outperform And Hiked to $28

BMO Capital Markets upgraded Gibson Energy Inc.

Analyst Ben Pham raised his price target on shares of the Calgary-based oilfield service company to $28 from $25.50.

"GEI's 2025 capital budget release highlights the optionality of its Gateway Terminal, with a contract extension driving significantly higher revenue for that customer and sanctioned a new project supporting visibility to achieving 15-20% Gateway Terminal EBITDA growth by end of 2025," Pham said in a note to clients.

"Combined with a sharp focus on cost containment, share buybacks expected in 2025 and relative valuation discount (2026 EV/EBITDA of ~9x vs. ~11.5x peer average), we are upgrading shares to Outperform (vs. Market Perform) with an attractive ~23% potential total return to our new target of $28," the analyst said.

10:38 AM EST, 12/05/2024 (MT Newswires) -- BMO Capital Markets upgraded Gibson Energy Inc. (GEI.TO) to Outperform from Market Perform at BMO Capital Markets on Thursday.