Gibson Energy (OTCMKTS:GBNXF) Raised to Strong-Buy at TD Securities

Gibson Energy (OTCMKTS:GBNXF) was upgraded by stock analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also issued reports on GBNXF. Wells Fargo & Company lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. National Bank Financial cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Gibson Energy Price Performance

Shares of OTCMKTS GBNXF opened at $14.93 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.70 and a debt-to-equity ratio of 2.38. The company has a market capitalization of $2.43 billion, a PE ratio of 21.64 and a beta of 0.91. The stock’s 50 day moving average price is $17.00 and its 200-day moving average price is $16.74. Gibson Energy has a twelve month low of $13.13 and a twelve month high of $18.92.

Gibson Energy (OTCMKTS:GBNXF) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.25). Gibson Energy had a return on equity of 16.18% and a net margin of 1.30%. The firm had revenue of $1.69 billion for the quarter. On average, equities analysts anticipate 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.