Gibson Energy (GEI) PT Raised to C$24.00 at Royal Bank of Canada

Gibson Energy (TSE:GEI) had its price objective boosted by investment analysts at Royal Bank of Canada from C$22.00 to C$24.00 in a research note issued on Thursday. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 6.19% from the company’s current price.

A number of other equities analysts have also weighed in on GEI. TD Securities upped their target price on shares of Gibson Energy from C$19.50 to C$21.00 and gave the stock a “hold” rating in a research report on Thursday. CSFB upped their target price on shares of Gibson Energy from C$24.00 to C$26.00 in a research report on Tuesday, October 16th. Industrial Alliance Securities upped their target price on shares of Gibson Energy from C$22.00 to C$23.50 in a research report on Tuesday, October 16th. CIBC upped their target price on shares of Gibson Energy from C$19.00 to C$22.00 in a research report on Tuesday, October 16th. Finally, Canaccord Genuity upped their target price on shares of Gibson Energy from C$22.00 to C$23.00 in a research report on Tuesday, October 16th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$22.98.

Shares of GEI traded down C$0.10 during mid-day trading on Thursday, reaching C$22.60. The stock had a trading volume of 577,252 shares, compared to its average volume of 340,925. Gibson Energy has a 12 month low of C$15.68 and a 12 month high of C$23.32.

Gibson Energy (TSE:GEI) last posted its quarterly earnings results on Wednesday, August 8th. The company reported C$0.10 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.10. The firm had revenue of C$1.76 billion during the quarter, compared to the consensus estimate of C$1.64 billion.

In other Gibson Energy news, Director John Larry Festival acquired 9,000 shares of the stock in a transaction on Tuesday, August 14th. The stock was acquired 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 the stock in a transaction on Tuesday, August 21st. The shares were acquired 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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Analyst Recommendations for Gibson Energy (TSE:GEI)

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