Gibson Energy (OTCMKTS:GBNXF) Shares Gap Down – Here’s What Happened

Gibson Energy Inc. (OTCMKTS:GBNXF)’s share price gapped down prior to trading on Friday. The stock had previously closed at $23.24, but opened at $20.70. Gibson Energy shares last traded at $22.2890, with a volume of 1,142 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Canadian Imperial Bank of Commerce set a $34.00 price objective on Gibson Energy and gave the company a “reduce” rating in a research note on Thursday, October 22nd. Scotiabank reiterated a “sector perform” rating on shares of Gibson Energy in a research report on Tuesday, July 21st. Royal Bank Of Canada restated an “outperform” rating on shares of Gibson Energy in a report on Wednesday, July 29th. BMO Capital Markets restated a “market perform” rating on shares of Gibson Energy in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group downgraded Gibson Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One equities research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.00.

Gibson Energy Trading Down 1.3%

The company has a current ratio of 1.07, a quick ratio of 0.89 and a debt-to-equity ratio of 2.86. The stock has a 50 day moving average of $22.87 and a 200-day moving average of $21.59. The company has a market capitalization of $3.89 billion, a P/E ratio of 27.14 and a beta of 0.59.

Gibson Energy (OTCMKTS:GBNXF) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.06. Gibson Energy had a return on equity of 21.07% and a net margin of 1.47%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. On average, research analysts predict that Gibson Energy Inc. will post 0.87 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.