Gibson Energy (OTCMKTS:GBNXF) Shares Gap Up – What’s Next?

Gibson Energy Inc. (OTCMKTS:GBNXF) gapped up prior to trading on Wednesday . The stock had previously closed at $21.5825, but opened at $23.12. Gibson Energy shares last traded at $23.12, with a volume of 1,001 shares trading hands.

Analyst Ratings Changes

A number of research firms recently issued reports on GBNXF. Scotiabank reiterated a “sector perform” rating on shares of Gibson Energy in a research note on Tuesday, July 21st. Zacks Research lowered Gibson Energy from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. TD Securities reiterated a “buy” rating on shares of Gibson Energy in a research report on Thursday, July 16th. Jefferies Financial Group downgraded shares of Gibson Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Gibson Energy in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Gibson Energy Trading Up 2.1%

The firm has a market cap of $4.01 billion, a P/E ratio of 32.74 and a beta of 0.62. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.17 and a quick ratio of 0.87. The stock has a 50 day moving average of $21.17 and a 200 day moving average of $20.78.

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 the consensus estimate of $0.21 by $0.13. Gibson Energy had a return on equity of 18.87% and a net margin of 1.32%.The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. As a group, equities research analysts predict that Gibson Energy Inc. will post 0.71 EPS for the current year.

About Gibson Energy

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.