A number of other brokerages have also recently commented on GEI. CIBC lowered their price target on Gibson Energy from C$19.00 to C$18.00 in a research report on Monday, July 24th. National Bank Financial decreased their price objective 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, November 9th. TD Securities decreased their price objective on Gibson Energy from C$18.50 to C$17.50 and set a hold rating for the company in a report on Friday. Scotiabank decreased their price objective on Gibson Energy from C$19.00 to C$18.00 and set a sector perform rating for the company in a report on Friday. Finally, Raymond James Financial, Inc. decreased their price objective on Gibson Energy from C$22.00 to C$21.00 and set an outperform rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Gibson Energy currently has an average rating of Hold and a consensus price target of C$18.88.
Shares of Gibson Energy (TSE GEI) traded down C$0.05 on Monday, reaching C$16.35. The company’s stock had a trading volume of 514,291 shares, compared to its average volume of 247,492. Gibson Energy has a 12 month low of C$15.57 and a 12 month high of C$20.31.
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In other Gibson Energy news, Director Sean William Duffee sold 5,000 shares of the business’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 transaction of C$88,500.00. Over the last quarter, insiders have 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.
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