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

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

Several other equities analysts also recently weighed in on the stock. National Bank Financial downgraded shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. 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.com, the company presently has an average rating of “Buy”.

Gibson Energy Price Performance

Gibson Energy stock opened at $14.93 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.60 and a debt-to-equity ratio of 2.38. The business’s 50 day simple moving average is $17.00 and its 200 day simple moving average is $16.74. Gibson Energy has a 12 month low of $13.13 and a 12 month high of $18.92. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 21.64 and a beta of 0.91.

Gibson Energy (OTCMKTS:GBNXF) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.25). Gibson Energy had a net margin of 1.30% and a return on equity of 16.18%. The firm had revenue of $1.69 billion for the quarter. Sell-side analysts forecast that Gibson Energy will post 1.09 EPS for the current year.

Gibson Energy Company Profile

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.