Raymond James analyst Chris Cox maintained a Buy rating on Gibson Energy (TSX:GEI) on Wednesday, setting a price target of C$25, which is approximately 61.12% above the present share price of $15.52.
Cox expects Gibson Energy to post earnings per share (EPS) of $0.34 for the third quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Gibson Energy, with an average price target of $17.65.
The analysts price targets range from a high of $19.86 to a low of $13.24.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.46 billion and a net profit of $86.65 million. The company's market cap is $2.27 billion.
According to TipRanks.com, Raymond James analyst Chris Cox is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.1% and a 43.11% 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.