Gibson Energy (OTCMKTS:GBNXF) Shares Gap Up – Still a Buy?

Gibson Energy Inc. (OTCMKTS:GBNXF) shares gapped up before the market opened on Tuesday . The stock had previously closed at $16.79, but opened at $17.27. Gibson Energy shares last traded at $17.27, with a volume of 100 shares traded.

Wall Street Analysts Forecast Growth

GBNXF has been the topic of a number of recent research reports. Zacks Research lowered Gibson Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 5th. Scotiabank downgraded shares of Gibson Energy from an “outperform” rating to a “hold” rating in a report on Monday, October 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, November 5th. Finally, National Bankshares reaffirmed a “sector perform” rating on shares of Gibson Energy in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Gibson Energy Price Performance

The stock has a market cap of $2.82 billion, a P/E ratio of 24.61 and a beta of 0.78. The business has a 50-day simple moving average of $17.86 and a 200 day simple moving average of $17.68. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 2.78.

Gibson Energy (OTCMKTS:GBNXF) last released its earnings results 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 1.48% and a return on equity of 17.12%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.72 billion. On average, analysts forecast that Gibson Energy Inc. will post 1.09 earnings per share for the current year.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.