Gibson Energy (OTCMKTS:GBNXF) Posts Earnings Results, Beats Estimates By $0.13 EPS

Gibson Energy (OTCMKTS:GBNXF) posted its quarterly earnings data on Monday. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13, Zacks reports. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Gibson Energy had a return on equity of 16.57% and a net margin of 1.36%.

Gibson Energy Stock Down 1.4%

Shares of OTCMKTS:GBNXF opened at $21.58 on Tuesday. The business’s 50 day moving average is $21.14 and its 200 day moving average is $20.74. The stock has a market cap of $3.72 billion, a P/E ratio of 33.72 and a beta of 0.62. Gibson Energy has a 52-week low of $15.91 and a 52-week high of $22.23. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 2.73.

Analysts Set New Price Targets

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

Gibson Energy Company Profile

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.