Gibson Energy (OTCMKTS:GBNXF) Rating Increased 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 report sent to investors on Tuesday morning,Zacks.com reports.

A number of other equities analysts also recently weighed in on the company. Scotiabank reiterated a “sector perform” rating on shares of Gibson Energy in a report on Tuesday, July 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, July 29th. Jefferies Financial Group lowered shares of Gibson Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, July 29th. Finally, TD Securities reaffirmed a “buy” rating on shares of Gibson Energy in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Gibson Energy has a consensus rating of “Moderate Buy”.

Gibson Energy Price Performance

Shares of OTCMKTS:GBNXF opened at $21.77 on Tuesday. The company’s fifty day moving average is $21.34 and its two-hundred day moving average is $20.97. The company has a market cap of $3.76 billion, a P/E ratio of 30.66 and a beta of 0.62. Gibson Energy has a 12-month low of $15.91 and a 12-month high of $23.25. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 2.73.

Gibson Energy (OTCMKTS:GBNXF) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Gibson Energy had a return on equity of 18.87% and a net margin of 1.32%. Equities analysts expect that Gibson Energy will post 0.82 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.