Gibson Energy (OTCMKTS:GBNXF) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Gibson Energy (OTCMKTS:GBNXF) from a strong sell rating to a hold rating in a report published on Monday morning,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. Raymond James Financial downgraded shares of Gibson Energy from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, February 18th. Jefferies Financial Group reiterated a “buy” rating on shares of Gibson Energy in a report on Wednesday, December 3rd. TD Securities reissued a “hold” rating on shares of Gibson Energy in a research note on Wednesday, February 18th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, February 18th. Finally, Scotiabank reissued a “sector perform” rating on shares of Gibson Energy in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Gibson Energy currently has an average rating of “Moderate Buy”.

Gibson Energy Stock Performance

Shares of Gibson Energy stock opened at $21.41 on Monday. The business’s 50 day moving average price is $19.84 and its 200 day moving average price is $18.74. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 24.90 and a beta of 0.71. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.79 and a current ratio of 0.99. Gibson Energy has a one year low of $13.94 and a one year high of $22.05.

Gibson Energy (OTCMKTS:GBNXF) last issued its earnings results on Tuesday, February 17th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). Gibson Energy had a net margin of 1.85% and a return on equity of 22.21%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $2.06 billion. On average, research analysts predict that Gibson Energy will post 1.09 EPS 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.