Gibson Energy (OTCMKTS:GBNXF) Shares Down 10.4% - Time to Sell?

Key Points

• Gibson Energy's shares fell by 10.4%, with the stock last trading at $17.12, down from a previous close of $19.11.
• Despite the drop, the company reported a quarterly EPS of $0.27, exceeding analyst expectations of $0.20, and had a revenue of $1.28 billion.
• Gibson Energy holds a consensus rating of "Moderate Buy" from various analysts, with ratings including one Strong Buy, two Buys, and four Holds.

Shares of Gibson Energy Inc. (OTCMKTS:GBNXF - Get Free Report) dropped 10.4% on Tuesday . The company traded as low as $17.00 and last traded at $17.12. Approximately 1,981 shares traded hands during trading, a decline of 95% from the average daily volume of 43,182 shares. The stock had previously closed at $19.11.

Wall Street Analyst Weigh In

GBNXF has been the subject of several analyst reports. National Bankshares reissued a "sector perform" rating on shares of Gibson Energy in a research note on Wednesday, July 30th. Scotiabank reissued an "outperform" rating on shares of Gibson Energy in a research note on Wednesday, July 30th. TD Securities lowered shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Gibson Energy in a research report on Tuesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Gibson Energy currently has a consensus rating of "Moderate Buy".

Gibson Energy Stock Performance

The stock has a 50-day moving average of $18.75 and a 200 day moving average of $17.40. 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 market capitalization of $2.81 billion, a P/E ratio of 24.53 and a beta of 0.81.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.27 EPS 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 return on equity of 17.12% and a net margin of 1.48%. On average, research analysts anticipate 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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