Gibson Energy (OTCMKTS:GBNXF) Issues Earnings Results

Gibson Energy (OTCMKTS:GBNXF) released its quarterly earnings results on Tuesday. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05), Zacks reports. Gibson Energy had a net margin of 1.85% and a return on equity of 22.21%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $2.06 billion.

Gibson Energy Stock Performance

Shares of GBNXF stock opened at $20.34 on Thursday. Gibson Energy has a 52-week low of $13.94 and a 52-week high of $20.81. 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 stock has a market cap of $3.33 billion, a PE ratio of 23.65 and a beta of 0.74. The business has a 50-day simple moving average of $19.05 and a 200-day simple moving average of $18.45.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. BMO Capital Markets reissued a “market perform” rating on shares of Gibson Energy in a research report on Wednesday. National Bank Financial raised shares of 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 note on Wednesday, December 3rd. TD Securities reiterated a “hold” rating on shares of Gibson Energy in a research note on Wednesday. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Gibson Energy in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Gibson Energy presently has a consensus rating of “Moderate Buy”.

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.