RBC Capital Sticks to Its Buy Rating for Gibson Energy (GBNXF)

RBC Capital analyst Robert Kwan maintained a Buy rating on Gibson Energy (GBNXFResearch Report) on November 1 and set a price target of C$28.00. The company’s shares closed last Tuesday at $16.98.

Kwan covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, AltaGas, and Brookfield Infrastructure. According to TipRanks, Kwan has an average return of 12.7% and a 67.77% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Gibson Energy with a $18.60 average price target.

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GBNXF market cap is currently $2.47B and has a P/E ratio of 15.74.

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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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