Gibson Energy (TSE:GEI) had its price objective upped by equities researchers at GMP Securities from C$20.75 to C$21.00 in a research note issued on Wednesday, StockTargetPrices.com reports. GMP Securities’ target price indicates a potential upside of 20.55% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Raymond James Financial cut their price objective on shares of Gibson Energy from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research report on Friday, November 10th. Scotiabank cut their price objective on shares of 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, November 10th. TD Securities cut their price objective on shares of Gibson Energy from C$18.50 to C$17.50 and set a “hold” rating for the company in a research report on Friday, November 10th. CIBC cut their price objective on shares of Gibson Energy from C$19.00 to C$16.00 and set an “underperform” rating for the company in a research report on Monday, November 13th. Finally, National Bank Financial cut their price objective on shares of 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, November 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of C$18.90.

Gibson Energy (TSE:GEI) traded up C$0.22 on Wednesday, reaching C$17.42. 157,881 shares of the company traded hands, compared to its average volume of 249,775. Gibson Energy has a 1-year low of C$15.92 and a 1-year high of C$20.31.

In related news, Director Sean William Duffee sold 5,000 shares of the company’s stock in a transaction that occurred 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. Also, Director James Estey bought 10,000 shares of Gibson Energy stock in a transaction that occurred on Tuesday, November 21st. The stock was bought at an average price of C$16.80 per share, for a total transaction of C$168,000.00. In the last three months, insiders have sold 20,000 shares of company stock valued at $88,500.

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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.

Stock Target Prices

Analyst Recommendations for Gibson Energy (TSE:GEI)

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