CIBC Stick to Their Hold Rating for Gibson Energy
Investing.com
Published Nov 02, 2021 12:05PM ET
CIBC analyst Robert Catellier reiterated a Hold rating on Gibson Energy (TSX:GEI) on Tuesday, setting a price target of C$25, which is approximately 1.56% below the present share price of $20.52.
Catellier expects Gibson Energy to post earnings per share (EPS) of $0.22 for the fourth quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Gibson Energy, with an average price target of $20.3.
The analysts price targets range from a high of $21.82 to a low of $18.58.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.67 billion and a net profit of $58.33 million. The company's market cap is $3.01 billion.
According to TipRanks.com, CIBC analyst Robert Catellier is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.4% and a 69.38% success rate.
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 and Marketing. The Infrastructure segment includes midstream infrastructure assets comprising of oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and processing. The Marketing segment involves in purchasing, selling, storing and optimizing of hydrocarbon products as part of supplying the Moose Jaw Facility and marketing its refined products, as well as part of supplying and driving volumes through the Company's key infrastructure assets. The company was founded in 1950 and is headquartered in Calgary, Canada.
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