Gibson Energy (OTCMKTS:GBNXF) Sets New 52-Week High – Time to Buy?

by · The Markets Daily

Shares of Gibson Energy Inc. (OTCMKTS:GBNXF – Get Free Report) hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $23.88 and last traded at $23.86, with a volume of 10,181 shares trading hands. The stock had previously closed at $23.6780.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GBNXF shares. Jefferies Financial Group cut Gibson Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. BMO Capital Markets reissued a “market perform” rating on shares of Gibson Energy in a report on Tuesday, July 28th. TD Securities reiterated a “buy” rating on shares of Gibson Energy in a research report on Friday, October 16th. Canadian Imperial Bank of Commerce set a $34.00 price objective on Gibson Energy and gave the stock a “reduce” rating in a report on Thursday. Finally, Zacks Research raised Gibson Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Gibson Energy currently has an average rating of “Hold” and a consensus price target of $34.00.

Check Out Our Latest Report on Gibson Energy

Gibson Energy Price Performance

The company has a debt-to-equity ratio of 2.86, a current ratio of 1.07 and a quick ratio of 0.89. The stock has a 50 day simple moving average of $22.64 and a two-hundred day simple moving average of $21.71. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 33.85 and a beta of 0.65.

Gibson Energy (OTCMKTS:GBNXF – Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. Gibson Energy had a net margin of 1.32% and a return on equity of 18.20%. On average, equities research analysts predict that Gibson Energy Inc. will post 0.84 earnings per share for the current fiscal year.

About Gibson Energy

(Get Free Report)

Gibson Energy Inc is a Canadian midstream infrastructure company that provides services for the movement, storage and handling of crude oil and other energy products. Its operations support producers, refiners, marketers and other customers by connecting oil supplies with transportation and refining markets.

The company’s assets include crude oil storage terminals, pipelines, gathering systems, trucking operations and related infrastructure. Gibson is particularly associated with the South Edmonton Terminal, a major crude oil storage and blending facility in Alberta, and also operates infrastructure serving other producing and consuming regions.

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