Gibson Energy Inc. (TSE:GEI) had its price target reduced by investment analysts at Raymond James Financial, Inc. from C$22.00 to C$21.00 in a research report issued to clients and investors on Friday. The firm presently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price objective points to a potential upside of 28.05% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. National Bank Financial reduced 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 report on Thursday. CIBC reduced their target price on Gibson Energy from C$19.00 to C$18.00 in a report on Monday, July 24th. TD Securities reduced their target price on Gibson Energy from C$19.50 to C$18.50 and set a “hold” rating for the company in a report on Thursday, August 3rd. Finally, BMO Capital Markets reduced their target price on Gibson Energy from C$20.00 to C$18.00 in a report on Wednesday, July 19th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of C$19.50.

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

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In other 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 transaction of C$88,500.00. Insiders have sold a total of 27,781 shares of company stock valued at $88,500 in the last ninety days.

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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