Gibson Energy (GEI) PT Raised to C$21.00

Gibson Energy (TSE:GEI) had its price objective upped by analysts at GMP Securities from C$20.75 to C$21.00 in a research note issued to investors on Wednesday. GMP Securities’ target price points to a potential upside of 20.55% from the company’s previous close.

A number of other equities research analysts have also issued reports on GEI. Desjardins dropped their price target on Gibson Energy from C$22.00 to C$20.00 in a research report on Monday, November 13th. CIBC increased their price objective on Gibson Energy from C$18.00 to C$19.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 12th. Canaccord Genuity lowered their price objective on Gibson Energy from C$20.00 to C$19.50 in a research report on Monday, November 13th. National Bank Financial lowered their price objective on Gibson Energy from C$19.00 to C$18.00 and set a “sector perform” rating for the company in a research report on Thursday, November 9th. Finally, TD Securities lowered their price objective on Gibson Energy from C$18.50 to C$17.50 and set a “hold” rating for the company in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$18.90.

Gibson Energy (TSE:GEI) traded up C$0.22 during mid-day trading on Wednesday, hitting C$17.42. The stock had a trading volume of 157,881 shares, compared to its average volume of 249,775. Gibson Energy has a 1-year low of C$15.92 and a 1-year high of C$20.31.

In other news, Director Sean William Duffee sold 5,000 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of C$17.70, for a total transaction of C$88,500.00. Also, Director James Estey purchased 10,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average price of C$16.80 per share, with a total value of C$168,000.00. Insiders sold 20,000 shares of company stock valued at $88,500 over the last quarter.

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Gibson Energy Company Profile

Gibson Energy Inc is a Canada-based integrated service provider to the oil and gas industry with operations across producing regions throughout North America. The Company is engaged in the movement, storage, blending, processing, marketing and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste and refined products.

Analyst Recommendations for Gibson Energy (TSE:GEI)

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