Gibson Energy (OTCMKTS:GBNXF) Upgraded at Zacks Research

Zacks Research upgraded shares of Gibson Energy (OTCMKTS:GBNXF) from a strong sell rating to a hold rating in a report published on Monday,Zacks.com reports.

A number of other research analysts also recently commented on the stock. BMO Capital Markets reaffirmed a “market perform” rating on shares of Gibson Energy in a research report on Wednesday, February 18th. TD Securities reissued a “hold” rating on shares of Gibson Energy in a research note on Wednesday, February 18th. Raymond James Financial cut shares of Gibson Energy from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, February 18th. National Bank Financial raised shares of Gibson Energy from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 2nd. Finally, Scotiabank reiterated a “sector perform” rating on shares of Gibson Energy in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Gibson Energy Trading Up 1.5%

Shares of OTCMKTS GBNXF opened at $21.74 on Monday. Gibson Energy has a one year low of $13.94 and a one year high of $22.05. The firm has a market capitalization of $3.74 billion, a PE ratio of 25.28 and a beta of 0.71. The company has a current ratio of 0.99, a quick ratio of 0.79 and a debt-to-equity ratio of 3.08. The business has a 50-day moving average price of $19.91 and a two-hundred day moving average price of $18.77.

Gibson Energy (OTCMKTS:GBNXF) last issued its earnings results on Tuesday, February 17th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $2.06 billion. Gibson Energy had a net margin of 1.85% and a return on equity of 22.21%. As a group, analysts predict that Gibson Energy will post 1.09 earnings per share for the current fiscal year.

About Gibson Energy

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.