Gibson Energy (OTCMKTS:GBNXF) Trading 1.1% Higher

Shares of Gibson Energy Inc. (OTCMKTS:GBNXF) traded up 1.1% during trading on Tuesday . The stock traded as high as $20.59 and last traded at $20.59, 251 shares changed hands during mid-day trading. A decline of 68% from the average session volume of 780 shares. The stock had previously closed at $20.37.

Several equities analysts have commented on the stock. Royal Bank of Canada raised shares of Gibson Energy from a “sector perform” rating to an “outperform” rating in a report on Wednesday, December 4th. Raymond James reissued a “buy” rating on shares of Gibson Energy in a report on Tuesday, November 5th. Finally, CIBC lowered shares of Gibson Energy to a “hold” rating and set a $29.00 target price on the stock. in a report on Friday, December 20th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $29.00.

The firm’s fifty day simple moving average is $20.07 and its 200 day simple moving average is $18.32.

About Gibson Energy (OTCMKTS:GBNXF)

Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.

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