Gibson Energy (OTCMKTS:GBNXF) Shares Gap Down – Should You Sell?

Shares of Gibson Energy Inc. (OTCMKTS:GBNXF) gapped down prior to trading on Thursday . The stock had previously closed at $21.29, but opened at $20.0501. Gibson Energy shares last traded at $20.00, with a volume of 2,754 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have weighed in on GBNXF. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Gibson Energy in a report on Tuesday, May 26th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Gibson Energy in a research note on Wednesday, February 18th. Zacks Research raised Gibson Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. TD Securities raised Gibson Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, May 26th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Gibson Energy Stock Down 2.7%

The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 31.87 and a beta of 0.62. The business has a 50 day simple moving average of $20.85 and a 200-day simple moving average of $20.23. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.87 and a current ratio of 1.17.

Gibson Energy (OTCMKTS:GBNXF) last issued its earnings results on Monday, May 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.21). Gibson Energy had a return on equity of 16.57% and a net margin of 1.36%.The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2.09 billion. On average, equities analysts expect that Gibson Energy Inc. will post 0.71 EPS for the current 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.