Gibson Energy (GEI) Price Target Increased to C$24.00 by Analysts at National Bank Financial

Share on StockTwits

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.

Gibson Energy (TSE:GEI) last posted its quarterly earnings data on Wednesday, August 8th. The company reported C$0.10 EPS for the quarter, hitting the Zacks’ consensus estimate of C$0.10. The business had revenue of C$1.76 billion for the quarter, compared to analyst estimates of C$1.64 billion.

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.

Recommended Story: What is a Stop Order?

Analyst Recommendations for Gibson Energy (TSE:GEI)

Receive News & Ratings for Gibson Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibson Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply