Gibson Energy Inc. (OTCMKTS:GBNXF) Stock Rated “Hold” by Sell-Side Brokerages

Gibson Energy Inc. (OTCMKTS:GBNXF) has been assigned an average rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $34.00.

A number of analysts recently weighed in on the stock. Zacks Research raised shares of Gibson Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. TD Securities restated a “buy” rating on shares of Gibson Energy in a research report on Friday, October 16th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, July 29th. Scotiabank reiterated a “sector perform” rating on shares of Gibson Energy in a report on Tuesday, July 21st. Finally, Canadian Imperial Bank of Commerce set a $34.00 price target on Gibson Energy and gave the stock a “reduce” rating in a research note on Thursday, October 22nd.

Gibson Energy Trading Up 0.4%

Shares of GBNXF opened at $24.36 on Friday. Gibson Energy has a twelve month low of $15.91 and a twelve month high of $24.36. The company has a market cap of $4.20 billion, a P/E ratio of 34.32 and a beta of 0.65. The company has a current ratio of 1.07, a quick ratio of 0.89 and a debt-to-equity ratio of 2.86. The company’s fifty day simple moving average is $22.76 and its 200-day simple moving average is $21.49.

About Gibson Energy

Gibson Energy Inc is a Canadian midstream infrastructure company that provides services for the movement, storage and handling of crude oil and other energy products. Its operations support producers, refiners, marketers and other customers by connecting oil supplies with transportation and refining markets.

The company’s assets include crude oil storage terminals, pipelines, gathering systems, trucking operations and related infrastructure. Gibson is particularly associated with the South Edmonton Terminal, a major crude oil storage and blending facility in Alberta, and also operates infrastructure serving other producing and consuming regions.