Gibson Energy (OTCMKTS:GBNXF) Lowered to Hold Rating by Wells Fargo & Company

Wells Fargo & Company downgraded shares of Gibson Energy (OTCMKTS:GBNXF) from a strong-buy rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

A number of other research analysts also recently commented on GBNXF. Raymond James raised shares of Gibson Energy to a “strong-buy” rating in a research report on Thursday, October 10th. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 5th.

Gibson Energy Stock Up 0.7 %

Gibson Energy stock opened at $16.98 on Wednesday. The company has a fifty day simple moving average of $16.88 and a 200 day simple moving average of $16.56. Gibson Energy has a 1-year low of $13.13 and a 1-year high of $18.92. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 2.86. The company has a market cap of $2.77 billion, a P/E ratio of 17.87 and a beta of 0.92.

Gibson Energy (OTCMKTS:GBNXF) last released its earnings results on Tuesday, October 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. Gibson Energy had a return on equity of 22.45% and a net margin of 1.72%. The business had revenue of $2.13 billion for the quarter. Research analysts anticipate that Gibson Energy will post 0.95 earnings per share for the current fiscal 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.