Gibson Energy (OTCMKTS:GBNXF) Hits New 1-Year High – Should You Buy?

Gibson Energy Inc. (OTCMKTS:GBNXF) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $23.2895 and last traded at $23.2895, with a volume of 371 shares changing hands. The stock had previously closed at $23.03.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GBNXF. Royal Bank Of Canada reissued an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, July 29th. Jefferies Financial Group lowered Gibson Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, July 29th. Scotiabank restated a “sector perform” rating on shares of Gibson Energy in a report on Tuesday, July 21st. Finally, Zacks Research raised shares of Gibson Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Gibson Energy Stock Down 2.5%

The company has a market cap of $3.91 billion, a P/E ratio of 31.92 and a beta of 0.62. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.87 and a current ratio of 1.17. The business’s fifty day moving average is $21.68 and its two-hundred day moving average is $21.23.

Gibson Energy (OTCMKTS:GBNXF) last posted its quarterly earnings results on Monday, July 27th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.13. Gibson Energy had a net margin of 1.32% and a return on equity of 18.87%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. Equities analysts predict that Gibson Energy Inc. will post 0.82 EPS 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.