Gibson Energy Inc. (OTCMKTS:GBNXF – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $24.21 and last traded at $24.21, with a volume of 819 shares changing hands. The stock had previously closed at $23.9150.
Analyst Ratings Changes
Several research analysts have recently issued reports on GBNXF shares. Canadian Imperial Bank of Commerce set a $34.00 price target on Gibson Energy and gave the stock a “reduce” rating in a research note on Thursday, October 22nd. TD Securities restated a “buy” rating on shares of Gibson Energy in a report on Friday, October 16th. Jefferies Financial Group cut shares of Gibson Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gibson Energy in a report on Wednesday, July 29th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Gibson Energy in a report on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $34.00.
View Our Latest Analysis on Gibson Energy
Gibson Energy Trading Up 1.2%
The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.89 and a current ratio of 1.07. The business has a fifty day simple moving average of $22.68 and a 200 day simple moving average of $21.40. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 34.10 and a beta of 0.65.
Gibson Energy (OTCMKTS:GBNXF – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The company reported $0.34 earnings per share 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 during the quarter, compared to analysts’ expectations of $2.35 billion. As a group, equities analysts anticipate that Gibson Energy Inc. will post 0.86 EPS for the current year.
Gibson Energy Company Profile
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.
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