Gibson Energy (OTCMKTS:GBNXF) Shares Gap Down – Here’s What Happened

Gibson Energy Inc. (OTCMKTS:GBNXF) gapped down prior to trading on Friday. The stock had previously closed at $23.24, but opened at $20.70. Gibson Energy shares last traded at $22.2890, with a volume of 1,142 shares changing hands.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, July 29th. Canadian Imperial Bank of Commerce set a $34.00 price target on Gibson Energy and gave the company a “reduce” rating in a research report on Thursday, October 22nd. Zacks Research raised Gibson Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Jefferies Financial Group cut Gibson Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Raymond James Financial restated an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Gibson Energy has an average rating of “Hold” and a consensus target price of $34.00.

Gibson Energy Stock Performance

The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.89 and a current ratio of 1.07. The stock’s 50 day moving average price is $22.87 and its 200 day moving average price is $21.59. The company has a market capitalization of $3.89 billion, a P/E ratio of 27.14 and a beta of 0.59.

Gibson Energy (OTCMKTS:GBNXF) last announced its earnings results on Monday, November 2nd. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. Gibson Energy had a net margin of 1.47% and a return on equity of 21.07%. As a group, equities analysts expect that Gibson Energy Inc. will post 0.87 EPS 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.