Gibson Energy (OTCMKTS:GBNXF) Upgraded to Strong-Buy by Raymond James

Raymond James upgraded shares of Gibson Energy (OTCMKTS:GBNXF) to a strong-buy rating in a research note published on Thursday morning, Zacks.com reports.

Gibson Energy Stock Performance

Shares of OTCMKTS GBNXF opened at $17.05 on Thursday. The stock’s 50-day moving average is $16.19 and its 200 day moving average is $16.46. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 21.58 and a beta of 0.94. Gibson Energy has a 1-year low of $13.13 and a 1-year high of $17.75. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 2.86.

Gibson Energy (OTCMKTS:GBNXF) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. Gibson Energy had a net margin of 1.41% and a return on equity of 20.52%. The firm had revenue of $2.36 billion for the quarter. On average, sell-side analysts anticipate that Gibson Energy will post 1 EPS for the current fiscal 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.