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

Shares of Gibson Energy Inc. (OTCMKTS:GBNXF) gapped up prior to trading on Wednesday . The stock had previously closed at $20.28, but opened at $21.10. Gibson Energy shares last traded at $21.09, with a volume of 200 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. TD Securities raised Gibson Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, May 26th. Zacks Research lowered Gibson Energy from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Gibson Energy in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Gibson Energy has a consensus rating of “Moderate Buy”.

Gibson Energy Trading Up 4.0%

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 firm has a fifty day simple moving average of $20.93 and a 200-day simple moving average of $20.43. The firm has a market cap of $3.64 billion, a P/E ratio of 32.97 and a beta of 0.62.

Gibson Energy (OTCMKTS:GBNXF) last issued its earnings results on Monday, May 4th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.21). Gibson Energy had a return on equity of 16.57% and a net margin of 1.36%.The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2.09 billion. On average, equities research analysts expect that Gibson Energy Inc. will post 0.71 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.