Gibson Energy (OTCMKTS:GBNXF) Shares Gap Up - Time to Buy?

Key Points

• Gibson Energy Inc. shares gapped up from $17.37 to $19.11, indicating investor interest, with a trading volume of 252 shares.
• Brokerage ratings show a mixed outlook for the stock, with one Strong Buy, two Buy, and four Hold ratings, resulting in a consensus rating of Moderate Buy.
• The company reported $0.27 EPS for the last quarter, surpassing analysts' expectations, coupled with revenue of $1.28 billion.

Shares of Gibson Energy Inc. (OTCMKTS:GBNXF - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $17.37, but opened at $19.11. Gibson Energy shares last traded at $19.11, with a volume of 252 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GBNXF. TD Securities lowered Gibson Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Raymond James Financial reiterated a "strong-buy" rating on shares of Gibson Energy in a research report on Tuesday, June 17th. National Bankshares restated a "sector perform" rating on shares of Gibson Energy in a research report on Wednesday, July 30th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Gibson Energy in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Gibson Energy Stock Up 10.0%

The firm has a market cap of $3.13 billion, a PE ratio of 27.30 and a beta of 0.81. The company has a 50-day simple moving average of $18.74 and a 200-day simple moving average of $17.37. 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 issued its quarterly earnings results on Monday, July 28th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.07. The firm had revenue of $1.28 billion during 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%. Analysts expect that Gibson Energy Inc. will post 1.09 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.