Gibson Energy (TSE:GEI) had its price objective increased by investment analysts at CIBC from C$19.00 to C$22.00 in a research note issued to investors on Tuesday. CIBC’s price target would suggest a potential downside of 2.57% from the stock’s previous close.

Several other equities analysts have also recently weighed in on GEI. Industrial Alliance Securities raised their price target on shares of Gibson Energy from C$22.00 to C$23.50 in a research report on Tuesday. CSFB raised their price target on shares of Gibson Energy from C$24.00 to C$26.00 in a research report on Tuesday. TD Securities raised their price target on shares of Gibson Energy from C$18.00 to C$19.50 in a research report on Friday, August 10th. Canaccord Genuity raised their price target on shares of Gibson Energy from C$20.00 to C$22.00 in a research report on Monday, August 13th. Finally, Raymond James raised their price target on shares of Gibson Energy from C$18.50 to C$23.00 in a research report on Friday, October 5th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of C$22.48.

TSE GEI traded up C$1.73 during trading hours on Tuesday, hitting C$22.58. The company’s stock had a trading volume of 1,165,718 shares, compared to its average volume of 310,891. Gibson Energy has a 52 week low of C$15.68 and a 52 week high of C$22.77.

Gibson Energy (TSE:GEI) last announced its quarterly earnings results on Wednesday, August 8th. The company reported C$0.10 earnings per share for the quarter, meeting the Thomson Reuters’ 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 business had revenue of C$1.76 billion for the quarter, compared to analysts’ expectations of C$1.64 billion.

In other news, insider Sean Brown bought 10,527 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were purchased at an average price of C$19.78 per share, with a total value of C$208,224.06. Also, Director John Larry Festival bought 9,000 shares of the company’s stock in a transaction 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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