Gibson Energy Inc. (OTCMKTS:GBNXF) Stock Has Average Target Price of $34.00 According to Brokerages

Shares of Gibson Energy Inc. (OTCMKTS:GBNXF) have received an average rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $34.00.

A number of brokerages have recently commented on GBNXF. Jefferies Financial Group lowered shares of Gibson Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Zacks Research upgraded shares of Gibson Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Canadian Imperial Bank of Commerce set a $34.00 price target on shares of Gibson Energy and gave the stock a “reduce” rating in a research report on Thursday. Royal Bank Of Canada restated an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, July 29th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Gibson Energy in a report on Tuesday, July 28th.

Gibson Energy Stock Up 1.9%

GBNXF stock opened at $24.03 on Friday. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.07 and a quick ratio of 0.89. The stock has a market capitalization of $4.15 billion, a P/E ratio of 33.85 and a beta of 0.65. Gibson Energy has a fifty-two week low of $15.91 and a fifty-two week high of $24.03. The business has a 50-day moving average of $22.64 and a 200-day moving average of $21.71.

Gibson Energy (OTCMKTS:GBNXF) last released its earnings results on Monday, July 27th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.21 by $0.13. Gibson Energy had a return on equity of 18.20% and a net margin of 1.32%. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. On average, sell-side analysts anticipate that Gibson Energy will post 0.84 earnings per share for the current fiscal year.

Gibson Energy Company Profile

Gibson Energy Inc is a Canadian midstream infrastructure company that provides services for the movement, storage and handling of crude oil and other energy products. Its operations support producers, refiners, marketers and other customers by connecting oil supplies with transportation and refining markets.

The company’s assets include crude oil storage terminals, pipelines, gathering systems, trucking operations and related infrastructure. Gibson is particularly associated with the South Edmonton Terminal, a major crude oil storage and blending facility in Alberta, and also operates infrastructure serving other producing and consuming regions.