Gibson Energy (OTCMKTS:GBNXF) Trading Down 5.5% – Here’s What Happened

Shares of Gibson Energy Inc. (OTCMKTS:GBNXF) traded down 5.5% on Monday . The company traded as low as $17.88 and last traded at $17.88. 201 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 37,813 shares. The stock had previously closed at $18.93.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GBNXF. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, December 3rd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Gibson Energy in a research report on Wednesday, December 3rd. National Bankshares raised shares of Gibson Energy from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 2nd. Scotiabank reissued a “sector perform” rating on shares of Gibson Energy in a research note on Wednesday, December 3rd. Finally, Zacks Research raised Gibson Energy from a “strong sell” rating to a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Gibson Energy Stock Performance

The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.79 and a current ratio of 0.99. The business’s 50-day moving average is $17.91 and its 200-day moving average is $18.10. The company has a market capitalization of $2.87 billion, a PE ratio of 26.50 and a beta of 0.75.

Gibson Energy (OTCMKTS:GBNXF) last announced its earnings results on Monday, November 3rd. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Gibson Energy had a net margin of 1.40% and a return on equity of 16.47%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.72 billion. On average, research analysts anticipate that Gibson Energy Inc. will post 1.09 earnings per share for the current 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.