Gibson Energy (OTCMKTS:GBNXF) Reaches New 52-Week High - Here's Why

Key Points

• Gibson Energy shares reached a new 52-week high of $24.21 during Wednesday’s trading, up from a previous close of $23.915.
• Analyst sentiment remains mixed: Gibson has a consensus “Hold” rating and an average price target of $34.00, with ratings ranging from Strong Buy to Sell.
• The company reported quarterly EPS of $0.34, exceeding the $0.21 consensus estimate, while revenue matched expectations at $2.35 billion.

Gibson Energy Inc. (OTCMKTS:GBNXF - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $24.21 and last traded at $24.21, with a volume of 819 shares. The stock had previously closed at $23.9150.

Analysts Set New Price Targets

GBNXF has been the subject of several analyst reports. Raymond James Financial reiterated an "outperform" rating on shares of Gibson Energy in a report on Wednesday, September 16th. Zacks Research raised Gibson Energy from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Canadian Imperial Bank of Commerce set a $34.00 price target on shares of Gibson Energy and gave the stock a "reduce" rating in a research note on Thursday, October 22nd. TD Securities reaffirmed a "buy" rating on shares of Gibson Energy in a research report on Friday, October 16th. Finally, Scotiabank reiterated a "sector perform" rating on shares of Gibson Energy in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Gibson Energy presently has a consensus rating of "Hold" and an average target price of $34.00.

Gibson Energy Price Performance

The company has a market cap of $4.18 billion, a price-to-earnings ratio of 34.10 and a beta of 0.65. The company's 50 day moving average price is $22.68 and its 200 day moving average price is $21.40. The company has a current ratio of 1.07, a quick ratio of 0.89 and a debt-to-equity ratio of 2.86.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.13. Gibson Energy had a return on equity of 18.20% and a net margin of 1.32%. The firm had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.35 billion. Equities research analysts forecast that Gibson Energy Inc. will post 0.86 earnings per share for the current year.

Gibson Energy Company Profile

Gibson Energy Inc is a Canadian midstream infrastructure company that provides services for the movement, storage and handling of crude oil and other energy products. Its operations support producers, refiners, marketers and other customers by connecting oil supplies with transportation and refining markets.

The company's assets include crude oil storage terminals, pipelines, gathering systems, trucking operations and related infrastructure. Gibson is particularly associated with the South Edmonton Terminal, a major crude oil storage and blending facility in Alberta, and also operates infrastructure serving other producing and consuming regions.

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