Gibson Energy Inc. (OTCMKTS:GBNXF) Stock Has Average Price Target of $34.00 According to Brokerages

Key Points

• Analysts hold a mixed but overall neutral view of Gibson Energy, with nine brokerages giving the stock an average “Hold” rating and a consensus 12-month price target of $34.00.
• Recent recommendations included a downgrade by Jefferies from “Buy” to “Hold,” while RBC maintained an “Outperform” rating; CIBC set a $34.00 target with a “Reduce” rating.
• Gibson Energy reported quarterly EPS of $0.34, beating the $0.21 consensus estimate, while revenue came in at $2.35 billion, in line with expectations. Shares opened at $24.03, near their reported one-year high.

Shares of Gibson Energy Inc. (OTCMKTS:GBNXF - Get Free Report) have received an average recommendation of "Hold" from the nine brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $34.00.

A number of research analysts recently issued reports on the company. BMO Capital Markets reaffirmed a "market perform" rating on shares of Gibson Energy in a report on Tuesday, July 28th. Royal Bank Of Canada reissued an "outperform" rating on shares of Gibson Energy in a report on Wednesday, July 29th. Jefferies Financial Group cut shares of Gibson Energy from a "buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Canadian Imperial Bank of Commerce set a $34.00 price objective on shares of Gibson Energy and gave the company a "reduce" rating in a research report on Thursday. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Gibson Energy in a report on Tuesday, July 21st.

Gibson Energy Stock Performance

Shares of GBNXF opened at $24.03 on Friday. The company has a market capitalization of $4.15 billion, a PE ratio of 33.85 and a beta of 0.65. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.07 and a quick ratio of 0.89. Gibson Energy has a one year low of $15.91 and a one year high of $24.03. The company's fifty day moving average price is $22.64 and its 200 day moving average price is $21.71.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last issued its earnings results on Monday, July 27th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.21 by $0.13. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Gibson Energy had a net margin of 1.32% and a return on equity of 18.20%. As a group, analysts expect that Gibson Energy will post 0.84 earnings per share for the current year.

Gibson Energy Company Profile

Gibson Energy Inc is a Canadian midstream infrastructure company that provides services for the movement, storage and handling of crude oil and other energy products. Its operations support producers, refiners, marketers and other customers by connecting oil supplies with transportation and refining markets.

The company's assets include crude oil storage terminals, pipelines, gathering systems, trucking operations and related infrastructure. Gibson is particularly associated with the South Edmonton Terminal, a major crude oil storage and blending facility in Alberta, and also operates infrastructure serving other producing and consuming regions.

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