Gibson Energy (GEI), the Materials sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Scotiabank’s analyst Robert Hope reiterates their Hold rating on the shares, with a C$24 price target.
According to TipRanks.com, Hope is a 4-star analyst with an average return of 4.4% and a 64.2% success rate. Hope covers the Basic Materials sector, focusing on stocks such as Gibson Energy Inc, Enbridge Inc, and AltaGas Ltd.
Currently, the analyst consensus on Gibson Energy is a Moderate Buy with an average price target of C$23.14, which is a 5.8% upside from current levels. In a report released today, Raymond James also maintained a Hold rating on the stock with a C$23 price target.
.
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$91.79 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$21.85.
