Gibson Energy (OTCMKTS:GBNXF) Shares Gap Down - What's Next?

Key Points

• Gibson Energy's shares gapped down from $18.56 to $18.00 at the market opening, with a trading volume of 760 shares.
• The company reported an EPS of $0.27 for the quarter, exceeding the consensus estimate of $0.20, with a revenue matching expectations at $1.28 billion.
• Analyst ratings are mixed, with one Strong Buy, two Buy, and four Hold ratings, resulting in a consensus of "Moderate Buy."

Gibson Energy Inc. (OTCMKTS:GBNXF - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $18.56, but opened at $18.00. Gibson Energy shares last traded at $18.00, with a volume of 760 shares changing hands.

Analyst Upgrades and Downgrades

GBNXF has been the subject of a number of 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 research note on Tuesday, June 17th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Gibson Energy in a research note on Tuesday, June 17th. One 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 company's stock. According to MarketBeat.com, Gibson Energy currently 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 business's fifty day moving average is $18.75 and its 200 day moving average is $17.34. The firm has a market capitalization of $2.95 billion, a P/E ratio of 25.71 and a beta of 0.81.

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

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