Gibson Energy (OTCMKTS:GBNXF) Shares Gap Down – Here’s What Happened

Shares of Gibson Energy Inc. (OTCMKTS:GBNXF) gapped down before the market opened on Tuesday . The stock had previously closed at $18.93, but opened at $18.43. Gibson Energy shares last traded at $18.50, with a volume of 1,250 shares traded.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Zacks Research lowered Gibson Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 5th. Jefferies Financial Group restated a “buy” rating on shares of Gibson Energy in a research note on Wednesday, December 3rd. BMO Capital Markets reiterated a “market perform” rating on shares of Gibson Energy in a research note on Wednesday, December 3rd. Scotiabank reiterated a “sector perform” rating on shares of Gibson Energy in a report on Wednesday, December 3rd. Finally, Natl Bk Canada upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Gibson Energy Trading Down 2.3%

The firm has a market capitalization of $3.03 billion, a P/E ratio of 28.03 and a beta of 0.75. The company has a quick ratio of 0.79, a current ratio of 0.99 and a debt-to-equity ratio of 3.08. The firm has a 50 day moving average of $17.75 and a 200-day moving average of $18.08.

Gibson Energy (OTCMKTS:GBNXF) last released its earnings results on Monday, November 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Gibson Energy had a return on equity of 16.47% and a net margin of 1.40%.The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.72 billion. On average, equities research analysts predict that Gibson Energy Inc. will post 1.09 earnings per share for the current fiscal year.

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.