Canadian Energy Company Revisited by TD Securities Analyst

By Carrie Williams

In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Gibson Energy (TSX: GEI). Analyst Linda Ezergailis from TD Securities reiterated a Hold rating, with a C$19.50 price target on August 10.

According to TipRanks.com, Ezergailis is ranked #3695 out of 4848 analysts.

Read also: Crude Oil: Sell Now, Buy Later

Currently, the analyst consensus on Gibson Energy is a Moderate Buy with an average price target of C$20.59, which is a 2.8% upside from current levels. In a report issued on August 9, Scotiabank also reiterated a Hold rating on the stock with a C$20 price target.

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The company has a one-year high of C$20.17 and a one-year low of C$15.68. Currently, Gibson Energy has an average volume of 288.4K.

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, Wholesale, Logistics and Other.

The company’s shares closed on Friday at C$20.03, close to its 52-week high of C$20.17.