Gibson Energy Inc. (GEI) PT Lowered to C$16.00

Gibson Energy Inc. (TSE:GEI) had its target price cut by investment analysts at CIBC from C$19.00 to C$16.00 in a research note issued to investors on Monday. The firm currently has an “underperform” rating on the stock. CIBC’s price objective suggests a potential downside of 1.23% from the stock’s current price.

Several other equities research analysts also recently issued reports on GEI. 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. Desjardins cut their price objective on shares of Gibson Energy from C$22.00 to C$20.00 in a research report on Monday. GMP Securities cut their price objective on shares of Gibson Energy from C$21.00 to C$20.75 in a research report on Monday. 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. 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 issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of C$18.88.

Gibson Energy (TSE GEI) opened at C$16.20 on Monday. Gibson Energy has a 1-year low of C$15.92 and a 1-year high of C$20.31.

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In other news, Director Sean William Duffee sold 5,000 shares of Gibson Energy stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of C$17.70, for a total value of C$88,500.00. Over the last quarter, insiders 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.

Analyst Recommendations for Gibson Energy (TSE:GEI)

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