Gibson Energy (GEI) PT Raised to C$23.50

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Gibson Energy (TSE:GEI) had its target price increased by investment analysts at Industrial Alliance Securities from C$22.00 to C$23.50 in a report issued on Tuesday. Industrial Alliance Securities’ price objective points to a potential upside of 4.07% from the company’s current price.

Several other analysts also recently weighed in on GEI. TD Securities increased their target price on Gibson Energy from C$18.00 to C$19.50 in a research note on Friday, August 10th. Canaccord Genuity raised their price objective on Gibson Energy from C$20.00 to C$22.00 in a research report on Monday, August 13th. Raymond James raised their price objective on Gibson Energy from C$18.50 to C$23.00 in a research report on Friday, October 5th. GMP Securities raised their price objective on Gibson Energy from C$19.50 to C$22.25 in a research report on Friday, August 10th. Finally, National Bank Financial raised their price objective on Gibson Energy from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 9th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of C$22.48.

TSE:GEI traded up C$1.73 during mid-day trading on Tuesday, hitting C$22.58. 1,165,718 shares of the company’s stock traded hands, compared to its average volume of 310,891. Gibson Energy has a 12 month low of C$15.68 and a 12 month high of C$22.77.

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

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

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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