Gibson Energy (OTCMKTS:GBNXF) Posts Quarterly Earnings Results

Gibson Energy (OTCMKTS:GBNXF) posted its earnings results on Monday. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.06, Zacks reports. Gibson Energy had a return on equity of 18.20% and a net margin of 1.32%.

Gibson Energy Stock Performance

OTCMKTS GBNXF remained flat at $24.36 on Monday. 33,175 shares of the company’s stock traded hands, compared to its average volume of 49,257. Gibson Energy has a fifty-two week low of $15.91 and a fifty-two week high of $24.36. 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 company has a market capitalization of $4.20 billion, a P/E ratio of 34.32 and a beta of 0.59. The business has a 50-day moving average of $22.76 and a 200-day moving average of $21.49.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Raymond James Financial reiterated an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, September 16th. Scotiabank reissued a “sector perform” rating on shares of Gibson Energy in a report on Tuesday, July 21st. Zacks Research upgraded Gibson Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Gibson Energy in a report on Tuesday, July 28th. Finally, Canadian Imperial Bank of Commerce set a $34.00 price target on Gibson Energy and gave the company a “reduce” rating in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Gibson Energy has an average rating of “Hold” and a consensus price target of $34.00.

About Gibson Energy

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.