Gibson Energy (OTCMKTS:GBNXF) Upgraded at Zacks Research

Gibson Energy (OTCMKTS:GBNXF) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other research firms also recently commented on GBNXF. Scotiabank reissued a “sector perform” rating on shares of Gibson Energy in a report on Tuesday, July 21st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Gibson Energy in a report on Wednesday, July 29th. TD Securities reiterated a “buy” rating on shares of Gibson Energy in a research report on Thursday, July 16th. Jefferies Financial Group downgraded shares of Gibson Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, BMO Capital Markets restated a “market perform” rating on shares of Gibson Energy in a research report on Tuesday, July 28th. One investment 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. According to data from MarketBeat, Gibson Energy currently has a consensus rating of “Moderate Buy”.

Gibson Energy Trading Down 2.5%

Shares of GBNXF stock opened at $21.77 on Tuesday. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 30.66 and a beta of 0.62. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.17 and a quick ratio of 0.87. The firm has a fifty day moving average price of $21.34 and a 200-day moving average price of $20.97. Gibson Energy has a 1 year low of $15.91 and a 1 year high of $23.25.

Gibson Energy (OTCMKTS:GBNXF) last posted its quarterly earnings data 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 firm 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, equities analysts predict that Gibson Energy will post 0.82 earnings per share for the current 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.