Gibson Energy (OTCMKTS:GBNXF) Sets New 1-Year High – Here’s What Happened

Shares of Gibson Energy Inc. (OTCMKTS:GBNXF) hit a new 52-week high during trading on Friday. The company traded as high as $23.80 and last traded at $23.80, with a volume of 12,773 shares traded. The stock had previously closed at $23.04.

Analysts Set New Price Targets

Several research firms have issued reports on GBNXF. Zacks Research upgraded shares of Gibson Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Jefferies Financial Group lowered Gibson Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. TD Securities restated a “buy” rating on shares of Gibson Energy in a report on Friday. Raymond James Financial reissued an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, September 16th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Gibson Energy in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Gibson Energy Stock Up 3.3%

The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 33.52 and a beta of 0.65. The stock has a 50 day moving average of $22.51 and a 200 day moving average of $21.61. The company has a quick ratio of 0.89, a current ratio of 1.07 and a debt-to-equity ratio of 2.86.

Gibson Energy (OTCMKTS:GBNXF) last released its earnings results on Monday, July 27th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. Gibson Energy had a return on equity of 18.20% and a net margin of 1.32%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. As a group, analysts expect that Gibson Energy Inc. will post 0.84 earnings per share for the current fiscal year.

About Gibson Energy

Gibson Energy Inc is a Canadian energy infrastructure company that owns, operates and develops assets used to transport, store and handle crude oil and other liquid hydrocarbons. Its operations support the movement of energy products from producing regions to refineries, export facilities and other markets.

The company’s activities include crude oil storage terminals, pipelines, gathering systems and related infrastructure, as well as marketing and logistics services. Gibson’s Canadian assets are concentrated in Western Canada, including major storage and transportation hubs such as Hardisty, Alberta.