Gibson Energy (OTCMKTS:GBNXF) Upgraded by Royal Bank of Canada to “Outperform”

Royal Bank of Canada upgraded shares of Gibson Energy (OTCMKTS:GBNXF) from a sector perform rating to an outperform rating in a report published on Wednesday, The Fly reports.

Separately, Raymond James reaffirmed a buy rating on shares of Gibson Energy in a research note on Tuesday, November 5th.

Shares of GBNXF stock opened at $19.58 on Wednesday. The business’s 50 day moving average price is $18.31 and its 200-day moving average price is $17.66. Gibson Energy has a fifty-two week low of $13.10 and a fifty-two week high of $19.58.

About Gibson Energy

Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.

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