Gibson Energy (OTCMKTS:GBNXF) Hits New 1-Year High – Here’s Why

Gibson Energy Inc. (OTCMKTS:GBNXF) shares hit a new 52-week high during trading on Monday . The company traded as high as $22.19 and last traded at $22.19, with a volume of 2366 shares trading hands. The stock had previously closed at $21.97.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GBNXF. TD Securities reaffirmed a “hold” rating on shares of Gibson Energy in a research report on Wednesday, February 18th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, February 18th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Gibson Energy in a research report on Wednesday, February 18th. Zacks Research raised shares of Gibson Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Raymond James Financial downgraded shares of Gibson Energy from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Gibson Energy Price Performance

The stock’s 50-day moving average is $21.18 and its 200 day moving average is $19.34. The stock has a market capitalization of $3.83 billion, a PE ratio of 25.85 and a beta of 0.65. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 3.29.

Gibson Energy (OTCMKTS:GBNXF) last posted its earnings results on Monday, May 4th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.21). Gibson Energy had a return on equity of 22.65% and a net margin of 1.85%. As a group, equities analysts predict that Gibson Energy Inc. will post 0.94 earnings per share for the current year.

Gibson Energy Company Profile

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.