Gibson Energy (TSE:GEI) had its target price boosted by analysts at CIBC from C$16.00 to C$17.50 in a report released on Thursday. CIBC’s price objective points to a potential downside of 7.94% from the stock’s previous close.

GEI has been the subject of a number of other reports. GMP Securities raised their price objective on shares of Gibson Energy from C$20.75 to C$21.00 in a report on Wednesday, December 6th. Raymond James Financial reduced their price objective on shares of Gibson Energy from C$22.00 to C$21.00 and set an “outperform” rating for the company in a report on Friday, November 10th. Scotiabank reduced their price objective on shares of Gibson Energy from C$19.00 to C$18.00 and set a “sector perform” rating for the company in a report on Friday, November 10th. Canaccord Genuity reduced their price objective on shares of Gibson Energy from C$20.00 to C$19.50 in a report on Monday, November 13th. Finally, TD Securities reduced their price objective on shares of Gibson Energy from C$18.50 to C$17.50 and set a “hold” rating for the company in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of C$19.05.

Gibson Energy (TSE GEI) traded up C$0.04 during trading hours on Thursday, hitting C$19.01. 339,742 shares of the stock were exchanged, compared to its average volume of 259,359. The company has a market cap of $2,730.00, a P/E ratio of -35.20 and a beta of 0.59. Gibson Energy has a one year low of C$15.92 and a one year high of C$20.31.

In other news, Director James Estey bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was acquired at an average price of C$16.80 per share, for a total transaction of C$168,000.00.

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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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