Gibson Energy (OTCMKTS:GBNXF) Upgraded to “Strong-Buy” at TD Securities

TD Securities upgraded shares of Gibson Energy (OTCMKTS:GBNXF) from a hold rating to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

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

Gibson Energy Price Performance

Gibson Energy stock opened at $14.93 on Monday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.60 and a current ratio of 0.70. Gibson Energy has a 52 week low of $13.13 and a 52 week high of $18.92. The firm has a market cap of $2.43 billion, a P/E ratio of 21.64 and a beta of 0.91. The business’s fifty day moving average is $17.00 and its two-hundred day moving average is $16.74.

Gibson Energy (OTCMKTS:GBNXF) last announced its quarterly earnings data 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). The firm had revenue of $1.69 billion for the quarter. Gibson Energy had a return on equity of 16.18% and a net margin of 1.30%. Equities research analysts forecast that Gibson Energy will post 1.09 earnings per share 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.