Gibson Energy Inc. (TSE:GEI) had its target price dropped by analysts at TD Securities from C$18.50 to C$17.50 in a note issued to investors on Friday. The brokerage presently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential upside of 6.71% from the company’s current price.

Several other research firms also recently commented on GEI. CIBC cut their target price on Gibson Energy from C$19.00 to C$18.00 in a research report on Monday, July 24th. National Bank Financial cut their target price 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 Thursday. Scotiabank cut their target price 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. Raymond James Financial, Inc. cut their target price 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, BMO Capital Markets cut their target price on Gibson Energy from C$20.00 to C$18.00 in a research report on Wednesday, July 19th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$19.50.

Gibson Energy (TSE GEI) opened at C$16.40 on Friday. Gibson Energy has a 52-week low of C$15.57 and a 52-week high of C$20.31.

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In other Gibson Energy news, Director Sean William Duffee sold 5,000 shares of Gibson Energy stock in a transaction on 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 quarter, 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.

Analyst Recommendations for Gibson Energy (TSE:GEI)

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