Gibson Energy (OTCMKTS:GBNXF) Hits New 1-Year High - What's Next?

Key Points

• Gibson Energy shares reached a new 52-week high, trading at $23.2895 versus the prior close of $23.03, though volume was light at 371 shares.
• Analyst sentiment remains generally positive, with the stock carrying a “Moderate Buy” consensus rating; however, Jefferies downgraded it to “Hold,” while Zacks upgraded it to “Hold.”
• The company beat quarterly earnings expectations, reporting $0.34 in EPS versus the $0.21 consensus, while revenue came in at $2.35 billion in line with estimates.

Gibson Energy Inc. (OTCMKTS:GBNXF - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $23.2895 and last traded at $23.2895, with a volume of 371 shares. The stock had previously closed at $23.03.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. BMO Capital Markets reaffirmed a "market perform" rating on shares of Gibson Energy in a report on Tuesday, July 28th. Zacks Research upgraded Gibson Energy from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Royal Bank Of Canada reissued an "outperform" rating on shares of Gibson Energy in a research report on Wednesday, July 29th. Jefferies Financial Group cut shares of Gibson Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Gibson Energy in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Gibson Energy presently has an average rating of "Moderate Buy".

Gibson Energy Price Performance

The stock has a market capitalization of $4.02 billion, a P/E ratio of 32.80 and a beta of 0.62. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.87 and a current ratio of 1.17. The firm has a fifty day moving average price of $21.60 and a two-hundred day moving average price of $21.18.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.13. Gibson Energy had a return on equity of 18.87% and a net margin of 1.32%.The company had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.35 billion. As a group, analysts expect that Gibson Energy Inc. will post 0.82 EPS for the current fiscal year.

Gibson Energy Company Profile

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.

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