Gibson Energy (OTCMKTS:GBNXF) Releases Earnings Results, Beats Estimates By $0.13 EPS

Gibson Energy (OTCMKTS:GBNXF) posted its quarterly earnings data on Monday. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.13, Zacks reports. Gibson Energy had a return on equity of 16.57% and a net margin of 1.36%.

Gibson Energy Trading Down 1.4%

OTCMKTS:GBNXF traded down $0.32 during midday trading on Monday, reaching $21.58. 8,888 shares of the stock traded hands, compared to its average volume of 41,466. The stock has a market capitalization of $3.72 billion, a P/E ratio of 33.72 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 company has a fifty day moving average of $21.13 and a 200 day moving average of $20.71. Gibson Energy has a 12 month low of $15.91 and a 12 month high of $22.23.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GBNXF. TD Securities reissued a “buy” rating on shares of Gibson Energy in a research report on Thursday, July 16th. Zacks Research lowered shares of Gibson Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Gibson Energy in a research report on Tuesday, May 26th. Jefferies Financial Group downgraded Gibson Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Scotiabank restated a “sector perform” rating on shares of Gibson Energy in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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.