Gibson Energy (OTCMKTS:GBNXF) Sets New 1-Year High - Still a Buy?

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) shares hit a new 52-week high on Tuesday . The company traded as high as $19.20 and last traded at $19.20, with a volume of 270 shares changing hands. The stock had previously closed at $18.86.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. TD Securities cut shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Raymond James Financial reiterated a "strong-buy" rating on shares of Gibson Energy in a report on Tuesday, June 17th. Scotiabank reiterated 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 report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

Gibson Energy Price Performance

The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 2.78. The stock has a 50-day moving average price of $18.35 and a 200 day moving average price of $16.88. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 27.43 and a beta of 0.84.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.07. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates 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 expect that Gibson Energy Inc. will post 1.09 earnings per share for the current year.

Gibson Energy Company Profile

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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