Gibson Energy (OTCMKTS:GBNXF) Reaches New 12-Month High – Here’s Why

Gibson Energy Inc. (OTCMKTS:GBNXF) hit a new 52-week high during mid-day trading on Friday. The stock traded as high as $23.80 and last traded at $23.80, with a volume of 12,773 shares. The stock had previously closed at $23.04.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Jefferies Financial Group downgraded Gibson Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. TD Securities reiterated a “buy” rating on shares of Gibson Energy in a research note on Friday. Royal Bank Of Canada reissued an “outperform” rating on shares of Gibson Energy in a report on Wednesday, July 29th. Raymond James Financial restated an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, September 16th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Gibson Energy in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Gibson Energy currently has a consensus rating of “Moderate Buy”.

Gibson Energy Stock Up 3.3%

The stock has a market cap of $4.11 billion, a P/E ratio of 33.52 and a beta of 0.65. The company has a current ratio of 1.07, a quick ratio of 0.89 and a debt-to-equity ratio of 2.86. The stock’s 50-day moving average is $22.51 and its 200-day moving average is $21.61.

Gibson Energy (OTCMKTS:GBNXF) last announced its earnings results on Monday, July 27th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.13. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Gibson Energy had a return on equity of 18.20% and a net margin of 1.32%. As a group, research analysts anticipate that Gibson Energy Inc. will post 0.84 earnings per share for the current fiscal year.

Gibson Energy Company Profile

Gibson Energy Inc is a Canadian energy infrastructure company that owns, operates and develops assets used to transport, store and handle crude oil and other liquid hydrocarbons. Its operations support the movement of energy products from producing regions to refineries, export facilities and other markets.

The company’s activities include crude oil storage terminals, pipelines, gathering systems and related infrastructure, as well as marketing and logistics services. Gibson’s Canadian assets are concentrated in Western Canada, including major storage and transportation hubs such as Hardisty, Alberta.