Gibson Energy (TSE:GEI) had its price target lifted by investment analysts at National Bank Financial from C$23.00 to C$24.00 in a research note issued on Wednesday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 6.19% from the stock’s current price.
A number of other research firms also recently commented on GEI. CIBC increased their price objective on shares of Gibson Energy from C$19.00 to C$22.00 in a research note on Tuesday, October 16th. CSFB upped their target price on shares of Gibson Energy from C$24.00 to C$26.00 in a report on Tuesday, October 16th. Industrial Alliance Securities upped their target price on shares of Gibson Energy from C$22.00 to C$23.50 in a report on Tuesday, October 16th. Canaccord Genuity upped their target price on shares of Gibson Energy from C$22.00 to C$23.00 in a report on Tuesday, October 16th. Finally, BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$22.00 to C$25.00 in a report on Tuesday, October 16th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of C$22.56.
Shares of Gibson Energy stock traded up C$0.38 during trading hours on Wednesday, reaching C$22.60. 777,095 shares of the company’s stock were exchanged, compared to its average volume of 338,169. Gibson Energy has a fifty-two week low of C$15.68 and a fifty-two week high of C$23.32.
In related news, insider Sean Brown purchased 10,527 shares of the stock in a transaction on Tuesday, August 21st. The shares were purchased at an average cost of C$19.78 per share, with a total value of C$208,224.06. Also, Director John Larry Festival purchased 9,000 shares of the stock in a transaction on Tuesday, August 14th. The stock was bought at an average cost of C$19.90 per share, for a total transaction of C$179,100.00.
Gibson Energy Company Profile
Gibson Energy Inc, an integrated midstream company, engages in the movement, storage, optimization, processing, marketing, and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste, and refined products in North America. It operates through four segments: Infrastructure, Logistics, Wholesale, and Other.
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