Gibson Energy (OTCMKTS:GBNXF) Shares Gap Up – Here’s Why

Gibson Energy Inc. (OTCMKTS:GBNXF) gapped up prior to trading on Wednesday . The stock had previously closed at $18.2320, but opened at $18.97. Gibson Energy shares last traded at $18.97, with a volume of 101 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Jefferies Financial Group restated a “buy” rating on shares of Gibson Energy in a report on Wednesday. BMO Capital Markets reaffirmed a “market perform” rating on shares of Gibson Energy in a report on Wednesday. Zacks Research cut shares of Gibson Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 5th. National Bankshares upgraded Gibson Energy from a “sector perform” rating to an “outperform” rating in a research report on Tuesday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gibson Energy in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Gibson Energy Price Performance

The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 28.74 and a beta of 0.75. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 2.78. The company’s 50 day simple moving average is $17.61 and its 200-day simple moving average is $17.82.

Gibson Energy (OTCMKTS:GBNXF) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Gibson Energy had a net margin of 1.40% and a return on equity of 16.26%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.72 billion. On average, equities research analysts predict that Gibson Energy Inc. will post 1.09 earnings per share for the current fiscal year.

About Gibson Energy

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.