Gibson Energy (OTCMKTS:GBNXF) Raised to Hold at Zacks Research

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

Several other analysts have also recently commented on GBNXF. Jefferies Financial Group reiterated a “buy” rating on shares of Gibson Energy in a research note on Wednesday, December 3rd. Raymond James Financial cut Gibson Energy from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, February 18th. BMO Capital Markets reiterated a “market perform” rating on shares of Gibson Energy in a research report on Wednesday, February 18th. Scotiabank reissued a “sector perform” rating on shares of Gibson Energy in a research note on Friday, January 16th. Finally, TD Securities restated a “hold” rating on shares of Gibson Energy in a report on Wednesday, February 18th. One equities 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Gibson Energy Trading Down 1.7%

GBNXF stock opened at $21.41 on Monday. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.99 and a quick ratio of 0.79. Gibson Energy has a 1-year low of $13.94 and a 1-year high of $22.05. The business has a 50 day simple moving average of $19.84 and a two-hundred day simple moving average of $18.74. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 24.90 and a beta of 0.71.

Gibson Energy (OTCMKTS:GBNXF) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.06 billion. Research 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.