Gibson Energy (OTCMKTS:GBNXF) Shares Gap Down – Time to Sell?

Gibson Energy Inc. (OTCMKTS:GBNXF) shares gapped down prior to trading on Tuesday. The stock had previously closed at $22.20, but opened at $21.30. Gibson Energy shares last traded at $21.30, with a volume of 123 shares.

Analysts Set New Price Targets

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

Gibson Energy Trading Down 2.2%

The firm has a market cap of $3.68 billion, a P/E ratio of 30.00 and a beta of 0.62. The firm’s fifty day moving average is $22.50 and its two-hundred day moving average is $21.55. The company has a quick ratio of 0.89, a current ratio of 1.07 and a debt-to-equity ratio of 2.86.

Gibson Energy (OTCMKTS:GBNXF) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.21 by $0.13. Gibson Energy had a net margin of 1.32% and a return on equity of 18.20%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. Analysts predict that Gibson Energy Inc. will post 0.83 earnings per share for the current fiscal year.

About Gibson Energy

Gibson Energy Inc is a Canadian midstream energy infrastructure company headquartered in Calgary, Alberta. The company provides transportation, storage, blending and other services for crude oil and refined products, connecting producers and customers across key energy markets.

Gibson’s operations include crude oil terminals, pipelines, storage facilities, trucking services and related infrastructure. Its assets support the movement of hydrocarbons from production areas to refineries, export facilities and other end markets.