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

Gibson Energy Inc. (OTCMKTS:GBNXF) gapped down before the market opened on Tuesday . The stock had previously closed at $21.34, but opened at $20.10. Gibson Energy shares last traded at $21.3075, with a volume of 1,825 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GBNXF. National Bank Financial raised Gibson Energy from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 2nd. Zacks Research upgraded Gibson Energy from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, February 18th. Scotiabank reissued a “sector perform” rating on shares of Gibson Energy in a research report on Friday, January 16th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Gibson Energy in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Gibson Energy Price Performance

The stock has a market capitalization of $3.70 billion, a P/E ratio of 24.98 and a beta of 0.71. The business has a fifty day simple moving average of $20.80 and a 200 day simple moving average of $19.03. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 3.29.

Gibson Energy (OTCMKTS:GBNXF) last posted its earnings results on Tuesday, February 17th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Gibson Energy had a net margin of 1.85% and a return on equity of 22.65%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $2.06 billion. On average, analysts expect that Gibson Energy Inc. will post 1.09 earnings per share for the current year.

Gibson Energy Company Profile

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.