Zacks Research Downgrades Gibson Energy (OTCMKTS:GBNXF) to Strong Sell

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

A number of other brokerages also recently commented on GBNXF. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Gibson Energy in a research report on Tuesday, May 26th. TD Securities upgraded Gibson Energy from a “hold” rating to a “buy” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Gibson Energy Stock Performance

OTCMKTS:GBNXF opened at $20.84 on Monday. The company has a market cap of $3.59 billion, a P/E ratio of 32.56 and a beta of 0.62. Gibson Energy has a twelve month low of $15.91 and a twelve month high of $22.23. The company’s 50-day moving average price is $20.93 and its 200-day moving average price is $20.43. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 2.73.

Gibson Energy (OTCMKTS:GBNXF) last released its quarterly earnings data on Monday, May 4th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.21). Gibson Energy had a net margin of 1.36% and a return on equity of 16.57%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2.09 billion. On average, sell-side analysts forecast that Gibson Energy will post 0.71 earnings per share for the current fiscal 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.