Gibson Energy (OTCMKTS:GBNXF) had its price objective cut by stock analysts at Scotiabank from $26.00 to $24.00 in a report issued on Wednesday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 70.65% from the company’s previous close.
A number of other equities analysts have also recently commented on the company. Jefferies Financial Group started coverage on Gibson Energy in a research note on Tuesday, August 4th. They issued a “hold” rating on the stock. CIBC lifted their price target on Gibson Energy from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Royal Bank of Canada boosted their target price on Gibson Energy from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Raymond James cut Gibson Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 10th. Finally, Wells Fargo & Company began coverage on Gibson Energy in a research report on Monday, October 26th. They set an “overweight” rating for the company. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Gibson Energy presently has an average rating of “Buy” and a consensus price target of $23.90.
Shares of Gibson Energy stock opened at $14.06 on Wednesday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.02 and a quick ratio of 0.81. The business’s 50 day simple moving average is $16.38 and its two-hundred day simple moving average is $16.25. The stock has a market capitalization of $2.06 billion and a P/E ratio of 16.17. Gibson Energy has a one year low of $8.59 and a one year high of $21.30.
Gibson Energy (OTCMKTS:GBNXF) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.20 EPS for the quarter. The business had revenue of $573.14 million for the quarter. Gibson Energy had a return on equity of 22.63% and a net margin of 2.95%.
Gibson Energy Company Profile
Gibson Energy Inc, a crude oil infrastructure company, engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.
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