What’s Propelling Gibson Energy Inc. to Increase So Much?

 What's Propelling Gibson Energy Inc. to Increase So Much?

The stock of Gibson Energy Inc. (TSE:GEI) is a huge mover today! About 34,967 shares traded hands. Gibson Energy Inc. (TSE:GEI) has declined 10.25% since April 1, 2016 and is downtrending. It has underperformed by 12.20% the S&P500.
The move comes after 9 months positive chart setup for the $2.24B company. It was reported on Nov, 7 by Barchart.com. We have $23.42 PT which if reached, will make TSE:GEI worth $1.03B more.

Gibson Energy Inc. (TSE:GEI) Ratings Coverage

Out of 6 analysts covering Gibson Energy Inc (TSE:GEI), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $28 is the highest target while $16 is the lowest. The $18.89 average target is 17.77% above today’s ($16.04) stock price. Gibson Energy Inc has been the topic of 31 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Friday, June 3 with “Sector Perform”. The company was upgraded on Monday, October 5 by Raymond James. On Monday, August 10 the stock rating was maintained by TD Securities with “Buy”. The stock of Gibson Energy Inc. (TSE:GEI) has “Outperform” rating given on Tuesday, July 21 by FirstEnergy Capital. The stock has “Hold” rating given by TD Securities on Thursday, November 5. The rating was maintained by Scotia Capital on Friday, August 7 with “Sector Perform”. National Bank Canada maintained the shares of GEI in a report on Friday, June 3 with “Sector Perform” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, November 2 report. The rating was maintained by Canaccord Genuity on Monday, August 10 with “Buy”. The stock of Gibson Energy Inc. (TSE:GEI) has “Sector Perform” rating given on Thursday, November 3 by Scotia Capital.

Gibson Energy Inc. is a Canada-based integrated service well-known provider to the gas and oil industry with activities across producing regions throughout North America. The company has a market cap of $2.24 billion. The Firm is engaged in the movement, storage, blending, processing, marketing and distribution of crude oil, condensate, natural gas liquids , water, oilfield waste and refined products. It currently has negative earnings. The Company’s divisions are Terminals and Pipelines, Environmental Services, Truck Transportation, Propane and NGL Marketing and Distribution, Processing and Wellsite Fluids, and Marketing.

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