Gibson Energy (OTCMKTS:GBNXF) Reaches New 52-Week High After Better-Than-Expected Earnings

Gibson Energy Inc. (OTCMKTS:GBNXF) hit a new 52-week high during mid-day trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $22.42 and last traded at $22.42, with a volume of 100 shares. The stock had previously closed at $21.90.

The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.13. Gibson Energy had a return on equity of 16.57% and a net margin of 1.36%.The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion.

Analyst Upgrades and Downgrades

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

Gibson Energy Price Performance

The company has a market cap of $3.88 billion, a PE ratio of 35.16 and a beta of 0.62. The business’s 50 day moving average price is $21.14 and its 200-day moving average price is $20.74. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 2.73.

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.