Gibson Energy (OTCMKTS:GBNXF) Downgraded to Hold Rating by TD Securities

TD Securities downgraded shares of Gibson Energy (OTCMKTS:GBNXF) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

Separately, National Bank Financial cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Gibson Energy has an average rating of “Moderate Buy”.

Gibson Energy Stock Performance

GBNXF stock opened at $17.80 on Tuesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.65 and a quick ratio of 0.52. The company has a 50 day moving average price of $16.24 and a 200 day moving average price of $16.36. Gibson Energy has a fifty-two week low of $13.13 and a fifty-two week high of $18.92. The stock has a market capitalization of $2.91 billion, a PE ratio of 25.07 and a beta of 0.85.

Gibson Energy (OTCMKTS:GBNXF) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. Gibson Energy had a net margin of 1.44% and a return on equity of 16.96%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Analysts forecast that Gibson Energy will post 1.09 EPS for the current 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.