Gibson Energy (OTCMKTS:GBNXF) Rating Increased to Strong-Buy at Raymond James

Raymond James upgraded shares of Gibson Energy (OTCMKTS:GBNXF) to a strong-buy rating in a research note issued to investors on Thursday morning, Zacks.com reports.

Gibson Energy Price Performance

GBNXF stock opened at $17.05 on Thursday. Gibson Energy has a 52-week low of $13.13 and a 52-week high of $17.75. The business has a 50-day simple moving average of $16.19 and a two-hundred day simple moving average of $16.45. The company has a market capitalization of $2.77 billion, a P/E ratio of 21.86 and a beta of 0.94. 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) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.26 by $0.02. Gibson Energy had a return on equity of 20.52% and a net margin of 1.41%. The business had revenue of $2.36 billion for the quarter. Research analysts expect that Gibson Energy will post 1 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.