Gibson Energy Inc. (GEI) Receives C$19.75 Consensus Price Target from Brokerages

Gibson Energy Inc. (TSE:GEI) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$19.75.

GEI has been the subject of several analyst reports. BMO Capital Markets dropped their price target on shares of Gibson Energy from C$20.00 to C$18.00 in a research note on Wednesday, July 19th. CIBC dropped their price target on shares of Gibson Energy from C$19.00 to C$18.00 in a research note on Monday, July 24th. Finally, TD Securities dropped their price target on shares of Gibson Energy from C$19.50 to C$18.50 and set a “hold” rating for the company in a research note on Thursday, August 3rd.

In other news, Director Sean William Duffee sold 5,000 shares of the stock in a transaction on Monday, September 18th. The shares were 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.

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Shares of Gibson Energy (TSE GEI) traded up C$0.07 during midday trading on Wednesday, reaching C$17.60. The company had a trading volume of 216,148 shares, compared to its average volume of 229,939. Gibson Energy has a 52-week low of C$15.57 and a 52-week high of C$20.31.

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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