Gibson Energy Inc. (GEI) Price Target Cut to C$20.75
Gibson Energy Inc. (TSE:GEI) had its price objective reduced by equities researchers at GMP Securities from C$21.00 to C$20.75 in a report issued on Monday. GMP Securities’ price target would suggest a potential upside of 26.52% from the company’s previous close.
Other equities analysts have also issued research reports about the company. CIBC lowered their price target on Gibson Energy from C$19.00 to C$18.00 in a research report on Monday, July 24th. BMO Capital Markets lowered their price target on Gibson Energy from C$20.00 to C$18.00 in a research report on Wednesday, July 19th. TD Securities lowered their price target 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. Raymond James Financial, Inc. lowered their price target on Gibson Energy from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Scotiabank lowered their price target 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 Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Gibson Energy has a consensus rating of “Hold” and an average target price of C$18.88.
Gibson Energy (TSE:GEI) traded down C$0.70 on Monday, hitting C$16.40. The stock had a trading volume of 706,818 shares, compared to its average volume of 246,263. Gibson Energy has a 12-month low of C$15.57 and a 12-month high of C$20.31.
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In other Gibson Energy news, Director Sean William Duffee sold 5,000 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of C$17.70, for a total value of C$88,500.00. In the last three months, insiders sold 27,781 shares of company stock valued at $88,500.
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.
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