Wells Fargo & Company began coverage on shares of Gibson Energy (OTCMKTS:GBNXF) in a research report sent to investors on Monday, The Fly reports. The brokerage issued an overweight rating on the stock.
Several other analysts also recently issued reports on GBNXF. Jefferies Financial Group began coverage on Gibson Energy in a research note on Tuesday, August 4th. They set a hold rating on the stock. Canaccord Genuity reaffirmed a buy rating and issued a $27.00 price objective on shares of Gibson Energy in a research note on Tuesday, July 28th. Raymond James downgraded Gibson Energy from an outperform rating to a market perform rating in a research note on Thursday, September 10th. BMO Capital Markets lifted their target price on Gibson Energy from $23.00 to $26.00 and gave the stock an outperform rating in a report on Wednesday, August 5th. Finally, Scotiabank lifted their target price on Gibson Energy from $23.00 to $26.00 and gave the stock an outperform rating in a report on Thursday, August 6th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $24.33.
Shares of GBNXF opened at $14.77 on Monday. The business’s 50 day moving average is $16.87 and its 200 day moving average is $16.18. The company has a market capitalization of $2.16 billion and a PE ratio of 16.98. Gibson Energy has a 12-month low of $8.59 and a 12-month high of $21.30. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 1.76.
Gibson Energy (OTCMKTS:GBNXF) last issued its earnings results on Tuesday, August 4th. The company reported $0.20 earnings per share (EPS) for the quarter. The company had revenue of $573.14 million for the quarter. Gibson Energy had a return on equity of 22.63% and a net margin of 2.95%.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Wednesday, September 30th were issued a $0.254 dividend. This is an increase from Gibson Energy’s previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a dividend yield of 6.88%. The ex-dividend date of this dividend was Tuesday, September 29th.
Gibson Energy Company Profile
Gibson Energy Inc, a crude oil infrastructure company, engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.
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