Gibson Energy (OTCMKTS:GBNXF) Hits New 1-Year High – What’s Next?

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.

Analyst Upgrades and Downgrades

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

Gibson Energy Price Performance

The firm has a market cap of $4.02 billion, a PE ratio of 32.80 and a beta of 0.62. The firm’s fifty day simple moving average is $21.60 and its two-hundred day simple moving average is $21.18. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 2.73.

Gibson Energy (OTCMKTS:GBNXF) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Gibson Energy had a net margin of 1.32% and a return on equity of 18.87%. As a group, research analysts expect 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.