Gibson Energy (OTCMKTS:GBNXF) Reaches New 52-Week High – Here’s What Happened

Gibson Energy Inc. (OTCMKTS:GBNXF)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $20.38 and last traded at $20.38, with a volume of 7755 shares. The stock had previously closed at $20.30.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. BMO Capital Markets reiterated a “market perform” rating on shares of Gibson Energy in a research note on Wednesday, December 3rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Gibson Energy in a research report on Wednesday, December 3rd. Zacks Research downgraded Gibson Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Scotiabank restated a “sector perform” rating on shares of Gibson Energy in a research note on Friday, January 16th. Finally, Natl Bk Canada upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Gibson Energy Trading Up 0.5%

The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 30.92 and a beta of 0.74. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.79 and a current ratio of 0.99. The company has a 50-day moving average price of $18.86 and a 200-day moving average price of $18.37.

Gibson Energy Company Profile

Gibson Energy is a midstream energy services company headquartered in Calgary, Alberta, that provides crude oil, natural gas liquids (NGL) and refined products storage, terminalling, processing and transportation. With a network of terminals, pipelines, truck racks and processing facilities, the company serves producers, refiners, marketers and other midstream operators across Western Canada and parts of the U.S. Its comprehensive offerings include product handling, blending, distribution and marketing services tailored to meet fluctuating energy market demands.

Gibson Energy’s infrastructure portfolio includes crude oil and refined product terminals, an NGL fractionation facility and bulk storage sites strategically located near key supply basins such as the Alberta oil sands region and the U.S.