Gibson Energy (OTCMKTS:GBNXF) Cut to “Hold” at Wells Fargo & Company

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

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

Gibson Energy Trading Down 0.3 %

OTCMKTS:GBNXF opened at $16.93 on Wednesday. Gibson Energy has a 12 month low of $13.13 and a 12 month 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 stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 17.82 and a beta of 0.92. The firm has a fifty day simple moving average of $16.88 and a two-hundred day simple moving average of $16.56.

Gibson Energy (OTCMKTS:GBNXF) last issued its earnings results on Tuesday, October 29th. The company reported $0.24 EPS for the quarter, beating 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 company had revenue of $2.13 billion during the quarter. Analysts expect that Gibson Energy will post 0.95 EPS 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.