Gibson Energy (OTCMKTS:GBNXF) Rating Increased to Hold at Zacks Research

Key Points

• Zacks Research upgraded Gibson Energy from “strong sell” to “hold,” while broader analyst coverage implies a “Moderate Buy” consensus rating.
• Gibson Energy reported quarterly EPS of $0.34, exceeding the $0.21 consensus estimate, with revenue of $2.35 billion in line with expectations.
• The stock was trading at $21.77, down 2.5%, with a $3.76 billion market capitalization and a 12-month trading range of $15.91 to $23.25.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Tuesday,Zacks.com reports.

Several other analysts have also issued reports on GBNXF. Royal Bank Of Canada restated an "outperform" rating on shares of Gibson Energy in a research note on Wednesday, July 29th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Gibson Energy in a report on Tuesday, July 28th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Gibson Energy in a report on Wednesday, July 29th. TD Securities reissued a "buy" rating on shares of Gibson Energy in a research note on Thursday, July 16th. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Gibson Energy in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Gibson Energy Trading Down 2.5%

OTCMKTS GBNXF opened at $21.77 on Tuesday. The business has a fifty day simple moving average of $21.34 and a 200 day simple moving average of $20.97. The firm has a market capitalization of $3.76 billion, a P/E ratio of 30.66 and a beta of 0.62. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 2.73. Gibson Energy has a 12 month low of $15.91 and a 12 month high of $23.25.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.13. The business had revenue of $2.35 billion during 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 18.87%. On average, analysts predict that Gibson Energy will post 0.82 EPS 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.

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