TD Securities Downgrades Gibson Energy (OTCMKTS:GBNXF) to Hold

Gibson Energy (OTCMKTS:GBNXF) was downgraded by research analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Separately, National Bank Financial lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Gibson Energy presently has a consensus rating of “Moderate Buy”.

Gibson Energy Stock Performance

Gibson Energy stock opened at $17.44 on Tuesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.65 and a quick ratio of 0.52. Gibson Energy has a 1-year low of $13.13 and a 1-year high of $18.92. The firm has a market capitalization of $2.85 billion, a P/E ratio of 24.56 and a beta of 0.85. The company’s 50-day moving average is $16.29 and its 200 day moving average is $16.37.

Gibson Energy (OTCMKTS:GBNXF) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Gibson Energy had a net margin of 1.44% and a return on equity of 16.96%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.99 billion. Research analysts forecast that Gibson Energy will post 1.09 EPS for the current year.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.