Gibson Energy (OTCMKTS:GBNXF) Shares Gap Down – Time to Sell?

Gibson Energy Inc. (OTCMKTS:GBNXF) gapped down before the market opened on Tuesday. The stock had previously closed at $22.20, but opened at $21.30. Gibson Energy shares last traded at $21.30, with a volume of 123 shares traded.

Analyst Upgrades and Downgrades

GBNXF has been the topic of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, July 29th. TD Securities reissued a “buy” rating on shares of Gibson Energy in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Gibson Energy in a report on Wednesday, July 29th. Jefferies Financial Group cut shares of Gibson Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Zacks Research upgraded shares of Gibson Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Gibson Energy presently has a consensus rating of “Moderate Buy”.

Gibson Energy Price Performance

The company has a quick ratio of 0.89, a current ratio of 1.07 and a debt-to-equity ratio of 2.86. The business’s 50-day simple moving average is $22.50 and its 200 day simple moving average is $21.55. The firm has a market capitalization of $3.68 billion, a P/E ratio of 30.00 and a beta of 0.62.

Gibson Energy (OTCMKTS:GBNXF) last posted its quarterly earnings results on Monday, July 27th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.21 by $0.13. Gibson Energy had a net margin of 1.32% and a return on equity of 18.20%. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Sell-side analysts forecast that Gibson Energy Inc. will post 0.83 earnings per share for the current year.

About Gibson Energy

Gibson Energy Inc is a Canadian midstream energy infrastructure company headquartered in Calgary, Alberta. The company provides transportation, storage, blending and other services for crude oil and refined products, connecting producers and customers across key energy markets.

Gibson’s operations include crude oil terminals, pipelines, storage facilities, trucking services and related infrastructure. Its assets support the movement of hydrocarbons from production areas to refineries, export facilities and other end markets.