Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Gibson Energy (TSX: GEI) received a Hold rating from GMP FirstEnergy’s analyst Ian Gillies, with a C$22.25 price target.
Gillies has an average return of 2.2% when recommending Gibson Energy.
According to TipRanks.com, Gillies is ranked #4587 out of 4850 analysts.
Read also: Crude Oil: Sell Now, Buy Later
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gibson Energy with a C$20.75 average price target, which is a 3.3% 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 Friday at C$20.09.
