Gibson Energy (OTCMKTS:GBNXF) Announces Quarterly Earnings Results

Gibson Energy (OTCMKTS:GBNXF) posted its earnings results on Monday. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.26 by $0.06, Zacks reports. Gibson Energy had a net margin of 1.47% and a return on equity of 21.07%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion.

Gibson Energy Stock Performance

Gibson Energy stock remained flat at $24.34 during trading hours on Wednesday. The company’s stock had a trading volume of 63,484 shares, compared to its average volume of 50,546. The business’s 50 day moving average price is $22.84 and its 200-day moving average price is $21.55. The stock has a market capitalization of $4.20 billion, a P/E ratio of 29.33 and a beta of 0.59. The company has a current ratio of 1.07, a quick ratio of 0.89 and a debt-to-equity ratio of 2.86. Gibson Energy has a fifty-two week low of $15.91 and a fifty-two week high of $24.36.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GBNXF shares. Scotiabank restated a “sector perform” rating on shares of Gibson Energy in a research report on Tuesday, July 21st. Raymond James Financial reissued an “outperform” rating on shares of Gibson Energy in a report on Wednesday, September 16th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, July 29th. Canadian Imperial Bank of Commerce set a $34.00 target price on Gibson Energy and gave the company a “reduce” rating in a research note on Thursday, October 22nd. Finally, Zacks Research raised Gibson Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $34.00.

About Gibson Energy

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.