Analyst Provides Guidance for This Canadian Energy Stock

Raymond James analyst Chris Cox maintained a Buy rating on Gibson Energy (GBNXFResearch Report) today and set a price target of C$25.00. The company’s shares closed last Tuesday at $16.42.

According to, Cox is a 1-star analyst with an average return of -3.0% and a 47.3% success rate. Cox covers the Utilities sector, focusing on stocks such as Painted Pony Petroleum, Crescent Point Energy, and Advantage Oil & Gas.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gibson Energy with a $18.62 average price target, a 13.4% upside from current levels. In a report issued on July 23, Stifel Nicolaus also maintained a Buy rating on the stock with a C$27.00 price target.

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Based on Gibson Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.46 billion and net profit of $50 million. In comparison, last year the company earned revenue of $1.75 billion and had a net profit of $62.3 million.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.