BMO Capital analyst Benjamin Pham maintained a Hold rating on Gibson Energy (GBNXF – Research Report) today and set a price target of C$25.00. The company’s shares closed last Friday at $17.75.
According to TipRanks, Pham is a 5-star analyst with an average return of 10.4% and a 71.75% success rate. Pham covers the Utilities sector, focusing on stocks such as Emera, ATCO, and TransAlta.
Currently, the analyst consensus on Gibson Energy is a Hold with an average price target of $18.87, implying a 6.31% upside from current levels. In a report released yesterday, Credit Suisse also maintained a Hold rating on the stock with a C$25.00 price target.
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Based on Gibson Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.65 billion and a net profit of $71.47 million. In comparison, last year the company earned a revenue of $1.81 billion and had a net profit of $36 million
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GBNXF in relation to earlier this year.
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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.