Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst John Bereznicki from Canaccord Genuity rated Gibson Energy (TSX: GEI) a Buy, setting a C$23 price target.
According to TipRanks.com, Bereznicki is a 4-star analyst with an average return of 4.9% and a 46.3% success rate. Bereznicki covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Precision Drilling, and Trinidad Drilling.
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Gibson Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$22.08, which is a -2.7% downside from current levels. In a report released today, BMO Capital also upgraded the stock to Buy with a C$25 price target.
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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$22.69.
