Gibson Energy Inc. (OTCMKTS:GBNXF) Sees Large Increase in Short Interest

Gibson Energy Inc. (OTCMKTS:GBNXFGet Rating) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,639,300 shares, a growth of 27.8% from the March 31st total of 1,282,300 shares. Based on an average daily volume of 6,700 shares, the short-interest ratio is presently 244.7 days.

A number of equities analysts have commented on GBNXF shares. TD Securities boosted their target price on shares of Gibson Energy from C$24.00 to C$25.00 in a report on Thursday, February 24th. National Bank Financial increased their target price on shares of Gibson Energy from C$24.00 to C$25.00 in a research report on Wednesday, January 26th. Finally, Scotiabank lifted their price target on shares of Gibson Energy from C$25.00 to C$26.00 in a report on Monday, February 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $24.38.

OTCMKTS GBNXF traded up $0.17 on Tuesday, hitting $18.84. The company had a trading volume of 100 shares, compared to its average volume of 3,264. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.26 and a quick ratio of 0.94. The company’s fifty day moving average price is $19.53 and its 200-day moving average price is $18.90. The company has a market capitalization of $2.76 billion, a PE ratio of 24.47 and a beta of 0.96. Gibson Energy has a 12-month low of $16.67 and a 12-month high of $21.96.

Gibson Energy (OTCMKTS:GBNXFGet Rating) last posted its quarterly earnings results on Tuesday, February 22nd. The company reported $0.23 earnings per share for the quarter. Gibson Energy had a net margin of 2.01% and a return on equity of 22.24%. The firm had revenue of $1.68 billion for the quarter. On average, sell-side analysts anticipate that Gibson Energy will post 0.96 EPS for the current year.

About Gibson Energy (Get Rating)

Gibson Energy Inc, a liquids infrastructure company, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in North America. It operates through two segments, Infrastructure and Marketing. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, and a crude oil processing facility.

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