Gibson Energy (OTCMKTS:GBNXF) Posts Earnings Results

Gibson Energy (OTCMKTS:GBNXF) announced its quarterly earnings data on Monday. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.06, Zacks reports. Gibson Energy had a net margin of 1.32% and a return on equity of 18.20%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion.

Gibson Energy Price Performance

Gibson Energy stock opened at $24.36 on Tuesday. The firm has a fifty day moving average of $22.80 and a 200-day moving average of $21.52. Gibson Energy has a 52-week low of $15.91 and a 52-week high of $24.36. 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 firm has a market capitalization of $4.20 billion, a P/E ratio of 34.32 and a beta of 0.65.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GBNXF. Scotiabank restated a “sector perform” rating on shares of Gibson Energy in a report on Tuesday, July 21st. TD Securities reissued a “buy” rating on shares of Gibson Energy in a research report on Friday, October 16th. Raymond James Financial restated an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, September 16th. BMO Capital Markets restated a “market perform” rating on shares of Gibson Energy in a report on Tuesday, July 28th. Finally, Canadian Imperial Bank of Commerce set a $34.00 price objective on Gibson Energy and gave the stock a “reduce” rating in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Gibson Energy has an average rating of “Hold” and a consensus price target of $34.00.

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.