Gibson Energy (OTCMKTS:GBNXF) Issues Earnings Results

Key Points

• Gibson Energy reported quarterly earnings of $0.32 per share, exceeding analysts’ consensus estimate of $0.26 by $0.06. The company posted a 1.32% net margin and 18.20% return on equity.
• Shares were unchanged at $24.36, near the company’s 12-month high, with a market capitalization of approximately $4.20 billion.
• Analysts maintain a consensus “Hold” rating and a $34.00 target price, despite mixed recommendations ranging from Strong Buy to Sell.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) released its earnings results on Monday. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.06, Zacks reports. Gibson Energy had a net margin of 1.32% and a return on equity of 18.20%.

Gibson Energy Price Performance

OTCMKTS:GBNXF remained flat at $24.36 on Monday. 33,175 shares of the company's stock were exchanged, compared to its average volume of 49,257. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.89 and a current ratio of 1.07. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 34.32 and a beta of 0.59. Gibson Energy has a 12-month low of $15.91 and a 12-month high of $24.36. The company has a 50 day moving average of $22.76 and a two-hundred day moving average of $21.49.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GBNXF shares. Raymond James Financial reaffirmed an "outperform" rating on shares of Gibson Energy in a report on Wednesday, September 16th. Canadian Imperial Bank of Commerce set a $34.00 price objective on Gibson Energy and gave the company a "reduce" rating in a research note on Thursday, October 22nd. BMO Capital Markets reissued a "market perform" rating on shares of Gibson Energy in a report on Tuesday, July 28th. Scotiabank reissued a "sector perform" rating on shares of Gibson Energy in a research report on Tuesday, July 21st. Finally, Zacks Research raised Gibson Energy from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Gibson Energy has a consensus rating of "Hold" and a consensus target price of $34.00.

Gibson Energy Company Profile

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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