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

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

A number of other research firms also recently weighed in on GBNXF. 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. Raymond James upgraded shares of Gibson Energy to a “strong-buy” rating in a report on Thursday, October 10th.

Gibson Energy Stock Up 0.7 %

Shares of GBNXF opened at $16.98 on Wednesday. The firm has a 50 day simple moving average of $16.88 and a two-hundred day simple moving average of $16.56. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.18 and a quick ratio of 0.89. Gibson Energy has a one year low of $13.13 and a one year high of $18.92. 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 posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates 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. Research analysts forecast 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.