Gibson Energy (OTCMKTS:GBNXF) Raised to Hold at Zacks Research

Gibson Energy (OTCMKTS:GBNXF) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. National Bankshares upgraded shares of Gibson Energy from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 2nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Gibson Energy in a report on Wednesday, December 3rd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Gibson Energy in a report on Wednesday, December 3rd. Natl Bk Canada raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Finally, Scotiabank restated a “sector perform” rating on shares of Gibson Energy in a report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Gibson Energy Price Performance

Shares of OTCMKTS:GBNXF opened at $17.88 on Monday. Gibson Energy has a 52 week low of $13.94 and a 52 week high of $19.61. The company has a 50-day moving average price of $17.90 and a 200 day moving average price of $18.11. The company has a market cap of $2.93 billion, a P/E ratio of 27.09 and a beta of 0.75. The company has a quick ratio of 0.79, a current ratio of 0.99 and a debt-to-equity ratio of 3.08.

Gibson Energy (OTCMKTS:GBNXF) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Gibson Energy had a net margin of 1.40% and a return on equity of 16.47%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.72 billion. Research analysts predict that Gibson Energy will post 1.09 earnings per share for the current year.

Gibson Energy Company Profile

Gibson Energy is a midstream energy services company headquartered in Calgary, Alberta, that provides crude oil, natural gas liquids (NGL) and refined products storage, terminalling, processing and transportation. With a network of terminals, pipelines, truck racks and processing facilities, the company serves producers, refiners, marketers and other midstream operators across Western Canada and parts of the U.S. Its comprehensive offerings include product handling, blending, distribution and marketing services tailored to meet fluctuating energy market demands.

Gibson Energy’s infrastructure portfolio includes crude oil and refined product terminals, an NGL fractionation facility and bulk storage sites strategically located near key supply basins such as the Alberta oil sands region and the U.S.