Gibson Energy (OTCMKTS:GBNXF) Shares Gap Up – Time to Buy?

Gibson Energy Inc. (OTCMKTS:GBNXF) gapped up before the market opened on Tuesday . The stock had previously closed at $21.48, but opened at $22.15. Gibson Energy shares last traded at $21.65, with a volume of 901 shares trading hands.

Analyst Upgrades and Downgrades

GBNXF has been the topic of a number of recent research reports. TD Securities restated a “hold” rating on shares of Gibson Energy in a research note on Wednesday, February 18th. National Bank Financial raised Gibson Energy from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 2nd. Jefferies Financial Group restated a “buy” rating on shares of Gibson Energy in a research report on Wednesday, December 3rd. Scotiabank reaffirmed a “sector perform” rating on shares of Gibson Energy in a research note on Friday, January 16th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gibson Energy in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Gibson Energy Stock Performance

The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market capitalization of $3.72 billion, a PE ratio of 25.15 and a beta of 0.71. The firm’s 50 day moving average price is $20.49 and its 200-day moving average price is $18.93.

Gibson Energy (OTCMKTS:GBNXF) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Gibson Energy had a net margin of 1.85% and a return on equity of 22.65%. On average, research analysts expect that Gibson Energy Inc. will post 1.09 EPS for the current year.

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.