Gibson Energy (OTCMKTS:GBNXF) Shares Down 5.5% – Time to Sell?
by Tristan Rich · The Markets DailyGibson Energy Inc. (OTCMKTS:GBNXF – Get Free Report)’s share price dropped 5.5% during mid-day trading on Monday . The company traded as low as $17.88 and last traded at $17.88. Approximately 201 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 37,813 shares. The stock had previously closed at $18.93.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on GBNXF. National Bankshares raised Gibson Energy from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 2nd. Natl Bk Canada upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Zacks Research downgraded shares of Gibson Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 5th. Royal Bank Of Canada restated an “outperform” rating on shares of Gibson Energy in a report on Wednesday, December 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Gibson Energy in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
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Gibson Energy Price Performance
The firm’s 50 day simple moving average is $17.87 and its 200 day simple moving average is $18.10. The company has a market capitalization of $2.99 billion, a PE ratio of 27.68 and a beta of 0.75. The company has a quick ratio of 0.79, a current ratio of 0.99 and a debt-to-equity ratio of 3.08.
Gibson Energy (OTCMKTS:GBNXF – Get Free Report) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.72 billion. Gibson Energy had a net margin of 1.40% and a return on equity of 16.47%. As a group, research analysts anticipate that Gibson Energy Inc. will post 1.09 EPS for the current fiscal year.
About Gibson Energy
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.