Gibson Energy (OTCMKTS:GBNXF) Shares Gap Down – Time to Sell?

Gibson Energy Inc. (OTCMKTS:GBNXF)’s stock price gapped down before the market opened on Tuesday. The stock had previously closed at $22.20, but opened at $21.30. Gibson Energy shares last traded at $21.30, with a volume of 123 shares traded.

Analyst Ratings Changes

Several brokerages recently commented on GBNXF. Royal Bank Of Canada reiterated an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, July 29th. Zacks Research upgraded shares of Gibson Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. TD Securities reaffirmed a “buy” rating on shares of Gibson Energy in a report on Thursday, July 16th. BMO Capital Markets reissued a “market perform” rating on shares of Gibson Energy in a research note on Tuesday, July 28th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Gibson Energy in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Gibson Energy currently has an average rating of “Moderate Buy”.

Gibson Energy Stock Up 0.3%

The firm has a market capitalization of $3.68 billion, a PE ratio of 30.06 and a beta of 0.62. The firm’s 50-day moving average is $22.48 and its 200 day moving average is $21.55. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.89 and a current ratio of 1.07.

Gibson Energy (OTCMKTS:GBNXF) last posted its earnings results on Monday, July 27th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.13. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. Gibson Energy had a net margin of 1.32% and a return on equity of 18.20%. As a group, research analysts forecast that Gibson Energy Inc. will post 0.83 earnings per share for the current fiscal year.

Gibson Energy Company Profile

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.