Gibson Energy (OTCMKTS:GBNXF) Downgraded by Wells Fargo & Company to Hold

Gibson Energy (OTCMKTS:GBNXF) was downgraded by research analysts at Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

GBNXF has been the topic of a number of other research reports. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Raymond James raised Gibson Energy to a “strong-buy” rating in a research report on Thursday, October 10th.

Gibson Energy Trading Up 0.7 %

OTCMKTS:GBNXF opened at $16.98 on Wednesday. Gibson Energy has a 12-month low of $13.13 and a 12-month high of $18.92. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.18 and a quick ratio of 0.89. The firm has a market capitalization of $2.77 billion, a P/E ratio of 17.87 and a beta of 0.92. The business has a 50 day simple moving average of $16.88 and a 200 day simple moving average of $16.56.

Gibson Energy (OTCMKTS:GBNXF) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The business had revenue of $2.13 billion during the quarter. Gibson Energy had a return on equity of 22.45% and a net margin of 1.72%. Equities research analysts predict that Gibson Energy will post 0.95 EPS for the current year.

Gibson Energy Company Profile

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.