Gibson Energy (OTCMKTS:GBNXF) Announces Earnings Results, Beats Expectations By $0.13 EPS

Gibson Energy (OTCMKTS:GBNXF) released its quarterly earnings results 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 net margin of 1.36% and a return on equity of 16.57%.

Gibson Energy Price Performance

OTCMKTS:GBNXF traded down $0.32 during mid-day trading on Monday, reaching $21.58. The stock had a trading volume of 8,888 shares, 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 firm has a 50 day moving average price of $21.13 and a two-hundred day moving average price of $20.71. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.87 and a current ratio of 1.17. Gibson Energy has a one year low of $15.91 and a one year high of $22.23.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Zacks Research cut Gibson Energy from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Scotiabank reiterated a “sector perform” rating on shares of Gibson Energy in a research report on Tuesday, July 21st. TD Securities reissued a “buy” rating on shares of Gibson Energy in a report on Thursday, July 16th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Gibson Energy in a report on Tuesday, May 26th. Finally, Jefferies Financial Group lowered shares of Gibson Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

About Gibson Energy

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.