Gibson Energy (OTCMKTS:GBNXF) Hits New 12-Month High - Here's Why

Key Points

• Gibson Energy shares reached a new 52-week high of $19.46 during trading, up from a previous close of $19.10.
• Analyst ratings for Gibson Energy include a mix of strong-buy, buy, and hold recommendations, resulting in an average rating of "Moderate Buy."
• The company reported earnings of $0.27 per share for the last quarter, exceeding analysts' estimates of $0.20.

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 $19.46 and last traded at $19.46, with a volume of 136 shares traded. The stock had previously closed at $19.10.

Analyst Ratings Changes

GBNXF has been the topic of a number of research reports. Raymond James Financial restated a "strong-buy" rating on shares of Gibson Energy in a report on Tuesday, June 17th. TD Securities downgraded Gibson Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Scotiabank restated an "outperform" rating on shares of Gibson Energy in a report on Wednesday, July 30th. Finally, National Bankshares reiterated a "sector perform" rating on shares of Gibson Energy in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

Gibson Energy Stock Up 1.3%

The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.58 and a current ratio of 0.71. The firm has a fifty day simple moving average of $18.53 and a 200-day simple moving average of $17.04. The company has a market capitalization of $3.17 billion, a PE ratio of 27.64 and a beta of 0.84.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.07. Gibson Energy had a return on equity of 17.12% and a net margin of 1.48%.The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Equities research analysts anticipate that Gibson Energy Inc. will post 1.09 EPS for the current fiscal 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.

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