Gibson Energy (GBNXF) Expected to Release Earnings on Monday

Key Points

• Gibson Energy is expected to report earnings after market close on Monday, November 2. Analysts forecast quarterly earnings of $0.26 per share on revenue of $2.02 billion.
• The company exceeded expectations in its previous quarter, reporting $0.34 EPS versus the $0.21 consensus estimate, while revenue matched forecasts at $2.35 billion.
• Shares opened at $24.03, near their 12-month high, while analysts maintain a consensus “Hold” rating with an average price target of $34.00.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) is expected to be releasing its results after the market closes on Monday, November 2nd. Analysts expect the company to post earnings of $0.26 per share and revenue of $2.02 billion for the quarter.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.13. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Gibson Energy had a net margin of 1.32% and a return on equity of 18.20%. On average, analysts expect Gibson Energy to post $0.86 EPS for the current fiscal year and $1.11 EPS for the next fiscal year.

Gibson Energy Stock Performance

OTCMKTS:GBNXF opened at $24.03 on Monday. The company's 50-day moving average price is $22.64 and its 200-day moving average price is $21.72. The company has a current ratio of 1.07, a quick ratio of 0.89 and a debt-to-equity ratio of 2.86. The company has a market cap of $4.15 billion, a P/E ratio of 33.85 and a beta of 0.65. Gibson Energy has a twelve month low of $15.91 and a twelve month high of $24.03.

Analyst Upgrades and Downgrades

GBNXF has been the subject of a number of recent research reports. Zacks Research upgraded shares of Gibson Energy from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Scotiabank reissued a "sector perform" rating on shares of Gibson Energy in a research note on Tuesday, July 21st. Raymond James Financial restated an "outperform" rating on shares of Gibson Energy in a report on Wednesday, September 16th. Royal Bank Of Canada restated an "outperform" rating on shares of Gibson Energy in a research report on Wednesday, July 29th. Finally, BMO Capital Markets restated a "market perform" rating on shares of Gibson Energy in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $34.00.

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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