A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Ian Gillies from GMP FirstEnergy reiterated a Hold rating on Gibson Energy (GEI), with a C$22 price target.
According to TipRanks.com, Gillies is ranked 0 out of 5 stars with an average return of -10.9% and a 32.4% success rate. Gillies covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Precision Drilling, and Inter Pipeline Ltd.
Currently, the analyst consensus on Gibson Energy is a Moderate Buy with an average price target of C$23.70.
Based on Gibson Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$8.91 million. In comparison, last year the company had a GAAP net loss of C$7.87 million.
Gibson Energy, Inc. engages in the movement, storage, blending, processing, marketing, and distribution of crude oil, condensate, natural gas liquids, water, oilfield waste, and refined products. It operates through the following segments: Infrastructure, Wholesale, Logistics and Other.
The company’s shares closed on Wednesday at C$20.28.
