Gibson Energy (GEI), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Patrick Kenny from National Bank rated Gibson Energy (GEI) a Buy, setting a C$25 price target.
According to TipRanks.com, Kenny is a 3-star analyst with an average return of 7.8% and a 91.7% success rate. Kenny 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$23.
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$21.83.
