Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. Analyst Benjamin Pham from BMO Capital reiterated a Hold rating on Gibson Energy (TSX: GEI), with a C$20 price target.
According to TipRanks.com, Pham is ranked #545 out of 4850 analysts.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gibson Energy with a C$20 average price target, a 2.0% upside from current levels. In a report released yesterday, Scotiabank also reiterated a Hold rating on the stock with a C$20 price target.
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Based on Gibson Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of C$5.31 million. In comparison, last year the company had a GAAP net loss of C$5.52 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 Thursday at C$19.60, close to its 52-week high of C$19.66.
