Gibson Energy (TSE:GEI) had its target price hoisted by research analysts at BMO Capital Markets from C$20.00 to C$21.00 in a research note issued on Tuesday. BMO Capital Markets’ target price points to a potential upside of 11.76% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Canaccord Genuity upped their target price on shares of Gibson Energy from C$20.00 to C$22.00 in a research report on Monday, August 13th. Royal Bank of Canada upped their price target on shares of Gibson Energy from C$20.00 to C$22.00 and gave the company a “sector perform” rating in a report on Friday, August 10th. Desjardins upped their price target on shares of Gibson Energy from C$21.00 to C$22.00 in a report on Friday, August 10th. GMP Securities upped their price target on shares of Gibson Energy from C$19.50 to C$22.25 in a report on Friday, August 10th. Finally, TD Securities upped their price target on shares of Gibson Energy from C$18.00 to C$19.50 in a report on Friday, August 10th. Six research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of C$20.48.

GEI traded up C$0.26 on Tuesday, hitting C$18.79. 111,164 shares of the company were exchanged, compared to its average volume of 292,221. Gibson Energy has a fifty-two week low of C$15.68 and a fifty-two week high of C$20.17.

Gibson Energy (TSE:GEI) last issued its earnings results on Wednesday, August 8th. The company reported C$0.10 earnings per share for the quarter, hitting the consensus estimate of C$0.10. Gibson Energy had a negative net margin of 0.61% and a negative return on equity of 3.20%. The company had revenue of C$1.76 billion for the quarter, compared to analyst estimates of C$1.64 billion.

In other news, insider Sean Brown acquired 10,527 shares of Gibson Energy stock in a transaction that occurred on Tuesday, August 21st. The shares were acquired at an average price of C$19.78 per share, with a total value of C$208,224.06. Also, Director John Larry Festival acquired 9,000 shares of Gibson Energy stock in a transaction that occurred on Tuesday, August 14th. The shares were purchased at an average cost of C$19.90 per share, for a total transaction of C$179,100.00.

Gibson Energy Company Profile

Gibson Energy Inc, an integrated midstream company, engages in the movement, storage, optimization, processing, marketing, and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste, and refined products in North America. It operates through four segments: Infrastructure, Logistics, Wholesale, and Other.

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Analyst Recommendations for Gibson Energy (TSE:GEI)

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