Gibson Energy (OTCMKTS:GBNXF) Sets New 1-Year High - Here's What Happened

Key Points

• Gibson Energy Inc. shares reached a new 52-week high of $19.20 on Tuesday, reflecting increased investor interest.
• Analysts have mixed views on the stock, with one strong buy, two buy, and four hold ratings, leading to a consensus of "Moderate Buy."
• In its latest quarterly earnings, Gibson Energy reported $0.27 earnings per share, outperforming analysts' expectations of $0.20.

Gibson Energy Inc. (OTCMKTS:GBNXF - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $19.20 and last traded at $19.20, with a volume of 270 shares traded. The stock had previously closed at $18.86.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Raymond James Financial reiterated a "strong-buy" rating on shares of Gibson Energy in a research report on Tuesday, June 17th. Scotiabank reiterated an "outperform" rating on shares of Gibson Energy in a research report on Wednesday, July 30th. TD Securities lowered shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Finally, National Bankshares reissued a "sector perform" rating on shares of Gibson Energy in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Gibson Energy currently has an average rating of "Moderate Buy".

Gibson Energy Trading Down 0.3%

The company has a market capitalization of $3.15 billion, a P/E ratio of 27.43 and a beta of 0.84. The stock's 50 day moving average is $18.51 and its 200-day moving average is $16.98. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.71 and a quick ratio of 0.58.

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