Gibson Energy (TSX: GEI), the Materials sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. CIBC’s analyst Robert Catellier reiterates their Hold rating on the shares, with a C$22 price target.
According to TipRanks.com, Catellier is a 1-star analyst with an average return of -0.3% and a 42.0% success rate. Catellier covers the Basic Materials sector, focusing on stocks such as Gibson Energy Inc, Pembina Pipeline, and TransCanada.
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Gibson Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$22.08.
Based on Gibson Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$36.68 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 Tuesday at C$22.70.
