Gibson Energy (GBNXF) Receives a Hold from Raymond James

In a report released today, Michael Shaw CFA from Raymond James maintained a Hold rating on Gibson Energy (GBNXFResearch Report), with a price target of C$27.00. The company’s shares opened today at $16.81.

Shaw CFA covers the Industrial Goods sector, focusing on stocks such as Enbridge, Gibson Energy, and Pembina Pipeline. According to TipRanks, Shaw CFA has an average return of 0.2% and a 47.37% success rate on recommended stocks.

Currently, the analyst consensus on Gibson Energy is a Hold with an average price target of $18.88, which is a 12.31% upside from current levels. In a report released today, BMO Capital also maintained a Hold rating on the stock with a C$25.00 price target.

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GBNXF market cap is currently $2.5B and has a P/E ratio of 18.97.

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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.

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