Gibson Energy (OTCMKTS:GBNXF) Raised to Strong-Buy at Natl Bk Canada

Gibson Energy (OTCMKTS:GBNXF) was upgraded by equities research analysts at Natl Bk Canada from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on GBNXF. Zacks Research lowered shares of Gibson Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 5th. Jefferies Financial Group restated a “buy” rating on shares of Gibson Energy in a research report on Wednesday. BMO Capital Markets reiterated a “market perform” rating on shares of Gibson Energy in a report on Wednesday. Royal Bank Of Canada reissued an “outperform” rating on shares of Gibson Energy in a research note on Wednesday. Finally, Scotiabank restated a “sector perform” rating on shares of Gibson Energy in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Gibson Energy Stock Performance

OTCMKTS:GBNXF opened at $18.97 on Tuesday. The business has a 50 day moving average of $17.60 and a 200 day moving average of $17.83. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 28.74 and a beta of 0.75. Gibson Energy has a 1-year low of $13.94 and a 1-year high of $19.61. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.71 and a quick ratio of 0.58.

Gibson Energy (OTCMKTS:GBNXF) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.72 billion. Gibson Energy had a net margin of 1.40% and a return on equity of 16.26%. On average, sell-side analysts predict that Gibson Energy will post 1.09 earnings per share for the current fiscal year.

Gibson Energy Company Profile

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.