Analysis: Gibson Energy Inc (TSE:GEI) Upside Target Change Today
In recent note published by Altacorp on 11 December, the firm, Gibson Energy Inc (TSE:GEI), had their target price per share downgraded to $22.00. Analusts right now have a solid Outperform rating on the stock.
From a total of 12 analysts covering Gibson Energy Inc (TSE:GEI) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 62% of the ratings are positive. The highest target price is $18.31 while the lowest target price is $13.55. The mean of all analyst targets is $16.09 with a 72.49% above today’s ($13.56) stock price. Gibson Energy Inc was the topic of 18 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. TD Securities downgraded shares on November 5 to “Hold” rating.
Approximately 330,025 shares of stock traded hands. Gibson Energy Inc. (TSE:GEI) has declined 46.08% since May 8, 2015 and is downtrending. It has underperformed by 43.06% the S&P500.
Gibson Energy Inc. is an integrated service well-known provider to the gas and oil industry with activities across regions throughout North America. The company has a market cap of $1.75 billion. Gibson 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. It currently has negative earnings. The Firm operates through six divisions: Terminals and Pipelines, Environmental Services, Truck Transportation, Propane and NGL Marketing and Distribution, Processing and Wellsite Fluids, and Marketing.