Gibson Energy (OTCMKTS:GBNXF) Posts Earnings Results, Beats Expectations By $0.07 EPS

Key Points

• Gibson Energy reported earnings of $0.27 per share for the quarter, surpassing analysts' expectations of $0.20 per share by $0.07.
• The company's stock price increased to $18.07 during trading, reflecting a market capitalization of $2.96 billion.
• Analysts have mixed ratings on Gibson Energy, with a consensus rating of "Moderate Buy" stemming from one strong buy, one buy, and three hold ratings.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) released its quarterly earnings results on Monday. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.07, Zacks reports. Gibson Energy had a net margin of 1.44% and a return on equity of 16.96%.

Gibson Energy Price Performance

Shares of OTCMKTS:GBNXF traded up $0.09 during trading on Monday, hitting $18.07. 10,320 shares of the company were exchanged, compared to its average volume of 41,148. The business's 50 day moving average is $17.33 and its 200-day moving average is $16.43. The company has a market capitalization of $2.96 billion, a P/E ratio of 25.45 and a beta of 0.86. The company has a quick ratio of 0.52, a current ratio of 0.65 and a debt-to-equity ratio of 2.41. Gibson Energy has a 1-year low of $13.13 and a 1-year high of $18.92.

Analyst Ratings Changes

Several research analysts have commented on GBNXF shares. TD Securities downgraded shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Raymond James Financial restated a "strong-buy" rating on shares of Gibson Energy in a research report on Tuesday, June 17th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

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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