Wells Fargo & Company downgraded shares of Gibson Energy (OTCMKTS:GBNXF - Free Report) from a strong-buy rating to a hold rating in a report issued on Wednesday,Zacks.com reports.
Other analysts also recently issued reports about the company. Raymond James raised Gibson Energy to a "strong-buy" rating in a research report on Thursday, October 10th. BMO Capital Markets raised Gibson Energy from a "market perform" rating to an "outperform" rating in a report on Thursday, December 5th.
Check Out Our Latest Stock Report on GBNXF
Gibson Energy Stock Performance
OTCMKTS:GBNXF traded down $0.05 during trading on Wednesday, reaching $16.93. The company's stock had a trading volume of 2,593 shares, compared to its average volume of 20,783. Gibson Energy has a 12 month low of $13.13 and a 12 month high of $18.92. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 17.82 and a beta of 0.92. The firm has a 50 day moving average of $16.88 and a 200-day moving average of $16.56. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.89 and a current ratio of 1.18.
Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. Gibson Energy had a net margin of 1.72% and a return on equity of 22.45%. The company had revenue of $2.13 billion during the quarter. Research analysts expect that Gibson Energy will post 0.95 EPS for the current fiscal year.
About Gibson Energy
(
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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.
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