Gibson Energy (GEI), the Materials sector company, was revisited by a Wall Street analyst today. CIBC’s analyst Robert Catellier reiterates their Hold rating on the shares, with a C$25 price target.
According to TipRanks.com, Catellier is a 4-star analyst with an average return of 5.2% and a 68.2% success rate. Catellier covers the Basic Materials sector, focusing on stocks such as Inter Pipeline Ltd, Gibson Energy Inc, and Pembina Pipeline.
Currently, the analyst consensus on Gibson Energy is a Moderate Buy with an average price target of C$25.06, which is a 7.0% upside from current levels. In a report released today, Raymond James also maintained a Hold rating on the stock with a C$25 price target.
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Based on Gibson Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$15.25 million. In comparison, last year the company had a GAAP net loss of C$5.31 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$23.43, close to its 52-week high of C$23.63.
