Gibson Energy Inc. (OTCMKTS:GBNXF) shot up 1.1% during mid-day trading on Tuesday . The company traded as high as $20.59 and last traded at $20.59, 251 shares traded hands during mid-day trading. A decline of 68% from the average session volume of 780 shares. The stock had previously closed at $20.37.

A number of research firms have recently weighed in on GBNXF. Raymond James reaffirmed a “buy” rating on shares of Gibson Energy in a report on Tuesday, November 5th. CIBC cut Gibson Energy to a “hold” rating and set a $29.00 price target on the stock. in a report on Friday, December 20th. Finally, Royal Bank of Canada raised Gibson Energy from a “sector perform” rating to an “outperform” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $29.00.

The firm’s 50 day moving average is $20.07 and its 200-day moving average is $18.32.

About Gibson Energy (OTCMKTS:GBNXF)

Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.

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