Gibson is facing difficult times due to depressed commodity prices and lower drilling activity; as a result, we have decreased our FY2016 EBITDA outlook by 8% from $394 mm to $362 mm, below consensus of $378 mm. The primary business segments impacted by this low point in the cycle are Processing and Wellsite Fluids, Truck Transportation and Environmental Services. As a result of the decreased activity in Gibson’s operating regions, we have lowered our 12-month target price to $21.50/share in res ....
06 Apr 2016
1Q16 Preview; Inactivity Driving Declines
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1Q16 Preview; Inactivity Driving Declines
Gibson Energy Inc. (GEI:TSE) | 0 0 1.5% | Mkt Cap: 2,392m
- Published:
06 Apr 2016 -
Author:
Steven I. Paget -
Pages:
5
Gibson is facing difficult times due to depressed commodity prices and lower drilling activity; as a result, we have decreased our FY2016 EBITDA outlook by 8% from $394 mm to $362 mm, below consensus of $378 mm. The primary business segments impacted by this low point in the cycle are Processing and Wellsite Fluids, Truck Transportation and Environmental Services. As a result of the decreased activity in Gibson’s operating regions, we have lowered our 12-month target price to $21.50/share in res ....