Gibson Energy (OTCMKTS:GBNXF) Upgraded to “Hold” at Zacks Research

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

Several other brokerages also recently issued reports on GBNXF. Jefferies Financial Group reissued a “buy” rating on shares of Gibson Energy in a research note on Wednesday, December 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, December 3rd. Scotiabank restated a “sector perform” rating on shares of Gibson Energy in a research note on Wednesday, December 3rd. BMO Capital Markets reissued a “market perform” rating on shares of Gibson Energy in a research report on Wednesday, December 3rd. Finally, Natl Bk Canada raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Gibson Energy Price Performance

Shares of OTCMKTS GBNXF opened at $17.88 on Monday. The stock’s 50-day simple moving average is $17.90 and its two-hundred day simple moving average is $18.11. The company has a quick ratio of 0.79, a current ratio of 0.99 and a debt-to-equity ratio of 3.08. The firm has a market capitalization of $2.93 billion, a P/E ratio of 27.09 and a beta of 0.75. Gibson Energy has a twelve month low of $13.94 and a twelve month high of $19.61.

Gibson Energy (OTCMKTS:GBNXF) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Gibson Energy had a net margin of 1.40% and a return on equity of 16.47%. As a group, equities analysts anticipate that Gibson Energy will post 1.09 EPS 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.