Gibson Energy (OTCMKTS:GBNXF) Shares Gap Down Following Weak Earnings

Gibson Energy Inc. (OTCMKTS:GBNXF)’s stock price gapped down prior to trading on Tuesday following a weaker than expected earnings announcement. The stock had previously closed at $22.23, but opened at $21.00. Gibson Energy shares last traded at $21.1450, with a volume of 4,116 shares.

The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.21). The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Gibson Energy had a net margin of 1.85% and a return on equity of 22.65%.

Analyst Upgrades and Downgrades

GBNXF has been the subject of several analyst reports. Raymond James Financial cut Gibson Energy from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, February 18th. BMO Capital Markets restated a “market perform” rating on shares of Gibson Energy in a report on Wednesday, February 18th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, February 18th. Scotiabank reaffirmed a “sector perform” rating on shares of Gibson Energy in a research note on Friday, January 16th. Finally, Zacks Research raised Gibson Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Gibson Energy Trading Down 4.9%

The company has a 50 day moving average price of $21.18 and a 200 day moving average price of $19.34. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 24.59 and a beta of 0.65. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.84 and a current ratio of 1.05.

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.