Gibson Energy (OTCMKTS:GBNXF) Announces Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Gibson Energy (OTCMKTS:GBNXFGet Free Report) posted its quarterly earnings results on Monday. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.13, Zacks reports. Gibson Energy had a net margin of 1.32% and a return on equity of 18.87%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion.

Gibson Energy Price Performance

GBNXF opened at $22.77 on Wednesday. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.17 and a quick ratio of 0.87. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 32.07 and a beta of 0.62. The firm’s fifty day moving average price is $21.17 and its two-hundred day moving average price is $20.78. Gibson Energy has a 1 year low of $15.91 and a 1 year high of $22.77.

Analysts Set New Price Targets

GBNXF has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Gibson Energy in a report on Tuesday, May 26th. Scotiabank restated a “sector perform” rating on shares of Gibson Energy in a report on Tuesday, July 21st. BMO Capital Markets reiterated a “market perform” rating on shares of Gibson Energy in a research note on Tuesday. Zacks Research lowered Gibson Energy from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Finally, Jefferies Financial Group downgraded Gibson Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Check Out Our Latest Analysis on Gibson Energy

Gibson Energy Company Profile

(Get Free Report)

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.

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Earnings History for Gibson Energy (OTCMKTS:GBNXF)

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