Gibson Energy (OTCMKTS:GBNXF) Hits New 12-Month High – Here’s Why

Gibson Energy Inc. (OTCMKTS:GBNXF) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $20.04 and last traded at $20.04, with a volume of 440 shares. The stock had previously closed at $19.66.

Analysts Set New Price Targets

GBNXF has been the topic of several recent research reports. Natl Bk Canada raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. BMO Capital Markets reiterated a “market perform” rating on shares of Gibson Energy in a research note on Wednesday, December 3rd. Scotiabank reissued a “sector perform” rating on shares of Gibson Energy in a research note on Friday, January 16th. Royal Bank Of Canada reissued an “outperform” rating on shares of Gibson Energy in a report on Wednesday, December 3rd. Finally, Zacks Research upgraded shares of Gibson Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Gibson Energy has an average rating of “Moderate Buy”.

Gibson Energy Stock Down 0.6%

The business’s fifty day moving average price is $18.72 and its two-hundred day moving average price is $18.30. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.79 and a current ratio of 0.99. The firm has a market capitalization of $3.28 billion, a P/E ratio of 30.29 and a beta of 0.74.

Gibson Energy (OTCMKTS:GBNXF) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Gibson Energy had a net margin of 1.40% and a return on equity of 16.47%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Equities analysts expect 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.