The Materials sector company, Gibson Energy (GEI), has received a rating update from a Wall Street analyst today. Raymond James’ analyst Chris Cox reiterates their Hold rating on the shares, with a C$23 price target.
According to TipRanks.com, Cox is a 1-star analyst with an average return of -0.7% and a 46.5% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.
Gibson Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$23.64, a 17.6% upside from current levels. In a report issued on November 26, GMP FirstEnergy also reiterated a Hold rating on the stock with a C$23.50 price target.
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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$20.11.
