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

Gibson Energy Inc. (OTCMKTS:GBNXF) reached a new 52-week high on Thursday. The company traded as high as $23.88 and last traded at $23.86, with a volume of 10,181 shares. The stock had previously closed at $23.6780.

Wall Street Analyst Weigh In

GBNXF has been the subject of several recent research reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of Gibson Energy in a research report on Tuesday, July 28th. Scotiabank reissued a “sector perform” rating on shares of Gibson Energy in a research report on Tuesday, July 21st. Raymond James Financial reissued an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, September 16th. Jefferies Financial Group downgraded shares of Gibson Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Canadian Imperial Bank of Commerce lowered shares of Gibson Energy from an “outperform” rating to a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Gibson Energy has a consensus rating of “Moderate Buy”.

Gibson Energy Price Performance

The company has a debt-to-equity ratio of 2.86, a current ratio of 1.07 and a quick ratio of 0.89. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 33.61 and a beta of 0.65. The business’s 50-day moving average price is $22.61 and its two-hundred day moving average price is $21.68.

Gibson Energy (OTCMKTS:GBNXF) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. Gibson Energy had a net margin of 1.32% and a return on equity of 18.20%. On average, research analysts forecast that Gibson Energy Inc. will post 0.84 EPS for the current fiscal year.

Gibson Energy Company Profile

Gibson Energy Inc is a Canadian midstream infrastructure company that provides services for the movement, storage and handling of crude oil and other energy products. Its operations support producers, refiners, marketers and other customers by connecting oil supplies with transportation and refining markets.

The company’s assets include crude oil storage terminals, pipelines, gathering systems, trucking operations and related infrastructure. Gibson is particularly associated with the South Edmonton Terminal, a major crude oil storage and blending facility in Alberta, and also operates infrastructure serving other producing and consuming regions.