The Materials sector company, Gibson Energy (GEI), has received a rating update from a Wall Street analyst today. Analyst Chris Cox from Raymond James rated Gibson Energy (GEI) a Hold, setting a C$25 price target.
According to TipRanks.com, Cox is a 2-star analyst with an average return of 0.7% and a 53.2% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gibson Energy with a C$25.06 average price target, which is a 7.0% upside from current levels. In a report released today, CIBC also maintained a Hold rating on the stock with a C$25 price target.
.
The company has a one-year high of C$23.63 and a one-year low of C$15.90. Currently, Gibson Energy has an average volume of 419.8K.
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.
