Gibson Energy (OTCMKTS:GBNXF) Shares Gap Up After Analyst Upgrade

Gibson Energy Inc. (OTCMKTS:GBNXF)’s stock price gapped up prior to trading on Wednesday after Natl Bk Canada upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $18.2320, but opened at $18.97. Gibson Energy shares last traded at $18.97, with a volume of 101 shares.

Several other analysts have also commented on the company. National Bankshares upgraded Gibson Energy from a “sector perform” rating to an “outperform” rating in a report on Tuesday. Scotiabank reiterated a “sector perform” rating on shares of Gibson Energy in a research note on Wednesday. Royal Bank Of Canada reissued an “outperform” rating on shares of Gibson Energy in a report on Wednesday. BMO Capital Markets restated a “market perform” rating on shares of Gibson Energy in a report on Wednesday. Finally, Zacks Research cut shares of Gibson Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Gibson Energy Stock Performance

The firm’s 50 day simple moving average is $17.58 and its 200 day simple moving average is $17.84. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 28.08 and a beta of 0.75. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.58 and a current ratio of 0.99.

Gibson Energy (OTCMKTS:GBNXF) last issued its earnings results on Monday, November 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Gibson Energy had a return on equity of 16.47% and a net margin of 1.40%.The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Sell-side analysts forecast that Gibson Energy Inc. will post 1.09 earnings per share for the current fiscal 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.