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

Gibson Energy (OTCMKTS:GBNXF) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts have also recently weighed in on GBNXF. Scotiabank reissued a “sector perform” rating on shares of Gibson Energy in a report on Tuesday, July 21st. BMO Capital Markets reiterated a “market perform” rating on shares of Gibson Energy in a research note on Tuesday, July 28th. TD Securities restated a “buy” rating on shares of Gibson Energy in a research report on Thursday, July 16th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group cut Gibson Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Gibson Energy Stock Performance

GBNXF stock opened at $21.77 on Tuesday. The stock has a market capitalization of $3.76 billion, a PE ratio of 30.66 and a beta of 0.62. The stock’s 50 day simple moving average is $21.34 and its 200 day simple moving average is $20.97. Gibson Energy has a 12-month low of $15.91 and a 12-month high of $23.25. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 2.73.

Gibson Energy (OTCMKTS:GBNXF) last released its quarterly earnings data on Monday, July 27th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.21 by $0.13. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Gibson Energy had a return on equity of 18.87% and a net margin of 1.32%. As a group, research analysts forecast 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.