Gibson Energy (GBNXF) Expected to Announce Quarterly Earnings on Monday

Gibson Energy (OTCMKTS:GBNXF) is expected to be issuing its results after the market closes on Monday, November 2nd. Analysts expect the company to announce earnings of $0.26 per share and revenue of $2.02 billion for the quarter.

Gibson Energy (OTCMKTS:GBNXF) last posted its earnings results on Monday, July 27th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.13. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Gibson Energy had a return on equity of 18.20% and a net margin of 1.32%. On average, analysts expect Gibson Energy to post $0.86 EPS for the current fiscal year and $1.11 EPS for the next fiscal year.

Gibson Energy Price Performance

GBNXF stock opened at $24.03 on Monday. Gibson Energy has a 52-week low of $15.91 and a 52-week high of $24.03. The company has a quick ratio of 0.89, a current ratio of 1.07 and a debt-to-equity ratio of 2.86. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 33.85 and a beta of 0.65. The business has a fifty day moving average of $22.64 and a two-hundred day moving average of $21.72.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GBNXF. Canadian Imperial Bank of Commerce set a $34.00 price target on Gibson Energy and gave the company a “reduce” rating in a research note on Thursday. Royal Bank Of Canada reissued an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, July 29th. Jefferies Financial Group lowered shares of Gibson Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Raymond James Financial restated an “outperform” rating on shares of Gibson Energy in a report on Wednesday, September 16th. Finally, TD Securities reaffirmed a “buy” rating on shares of Gibson Energy in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $34.00.

Gibson Energy Company Profile

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.