Gibson Energy Inc. (OTCMKTS:GBNXF – Get Free Report) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 4,152,800 shares, a decrease of 10.2% from the January 15th total of 4,622,900 shares. Based on an average trading volume of 8,400 shares, the days-to-cover ratio is currently 494.4 days.
Gibson Energy Price Performance
Gibson Energy stock traded down $0.18 during mid-day trading on Monday, reaching $16.69. 21,713 shares of the company’s stock traded hands, compared to its average volume of 7,723. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 17.57 and a beta of 0.91. The stock has a 50 day moving average of $17.30 and a two-hundred day moving average of $16.74. The company has a quick ratio of 0.60, a current ratio of 0.70 and a debt-to-equity ratio of 2.38. Gibson Energy has a 12-month low of $13.13 and a 12-month high of $18.92.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, TD Securities upgraded shares of Gibson Energy to a “hold” rating in a research report on Tuesday, January 14th.
Gibson Energy Company Profile
Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.
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