Gibson Energy (OTCMKTS:GBNXF) Sets New 1-Year High – Here’s What Happened

Gibson Energy Inc. (OTCMKTS:GBNXF)’s share price reached a new 52-week high during trading on Wednesday. The stock traded as high as $24.21 and last traded at $24.21, with a volume of 819 shares. The stock had previously closed at $23.9150.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce set a $34.00 target price on Gibson Energy and gave the company a “reduce” rating in a research report on Thursday, October 22nd. Raymond James Financial reaffirmed an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, September 16th. TD Securities reissued a “buy” rating on shares of Gibson Energy in a research note on Friday, October 16th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Gibson Energy in a research note on Tuesday, July 28th. Finally, Scotiabank reissued a “sector perform” rating on shares of Gibson Energy in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $34.00.

Gibson Energy Stock Performance

The company has a quick ratio of 0.89, a current ratio of 1.07 and a debt-to-equity ratio of 2.86. The stock has a market cap of $4.19 billion, a PE ratio of 34.17 and a beta of 0.65. The business’s fifty day moving average is $22.73 and its 200 day moving average is $21.46.

Gibson Energy (OTCMKTS:GBNXF) last announced its earnings results on Monday, July 27th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Gibson Energy had a return on equity of 18.20% and a net margin of 1.32%. As a group, analysts predict that Gibson Energy Inc. will post 0.86 earnings per share for the current year.

About Gibson Energy

Gibson Energy Inc is a Canadian midstream infrastructure company that provides services for the movement, storage and handling of crude oil and other energy products. Its operations support producers, refiners, marketers and other customers by connecting oil supplies with transportation and refining markets.

The company’s assets include crude oil storage terminals, pipelines, gathering systems, trucking operations and related infrastructure. Gibson is particularly associated with the South Edmonton Terminal, a major crude oil storage and blending facility in Alberta, and also operates infrastructure serving other producing and consuming regions.