Gibson Energy (GEI) Given New C$21.00 Price Target at BMO Capital Markets

Gibson Energy (TSE:GEI) had its price target upped by research analysts at BMO Capital Markets from C$20.00 to C$21.00 in a research note issued on Tuesday, September 11th. BMO Capital Markets’ price target points to a potential downside of 2.23% from the stock’s previous close.

GEI has been the topic of a number of other research reports. National Bank Financial lifted their price target on Gibson Energy from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a report on Thursday, August 9th. Desjardins lifted their price target on Gibson Energy from C$21.00 to C$22.00 in a report on Friday, August 10th. Royal Bank of Canada boosted their target price on Gibson Energy from C$20.00 to C$22.00 and gave the stock a “sector perform” rating in a report on Friday, August 10th. Industrial Alliance Securities boosted their target price on Gibson Energy from C$19.50 to C$22.00 in a report on Thursday, August 9th. Finally, TD Securities boosted their target price on Gibson Energy from C$18.00 to C$19.50 in a report on Friday, August 10th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$21.23.

Shares of GEI remained flat at $C$21.48 during mid-day trading on Tuesday. The stock had a trading volume of 334,100 shares, compared to its average volume of 304,531. Gibson Energy has a 52 week low of C$15.68 and a 52 week high of C$21.53.

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

In other Gibson Energy news, insider Sean Brown purchased 10,527 shares of the firm’s stock in a transaction on Tuesday, August 21st. The shares were purchased at an average price of C$19.78 per share, for a total transaction of C$208,224.06. Also, Director John Larry Festival purchased 9,000 shares of the firm’s 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.

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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