Gibson Energy (OTCMKTS:GBNXF) Sets New 12-Month High – Here’s Why

Gibson Energy Inc. (OTCMKTS:GBNXF)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $21.97 and last traded at $21.96, with a volume of 1400 shares trading hands. The stock had previously closed at $21.69.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating on shares of Gibson Energy in a report on Wednesday, December 3rd. BMO Capital Markets reiterated a “market perform” rating on shares of Gibson Energy in a research report on Wednesday, February 18th. Scotiabank reissued a “sector perform” rating on shares of Gibson Energy in a research note on Friday, January 16th. Royal Bank Of Canada restated an “outperform” rating on shares of Gibson Energy in a report on Wednesday, February 18th. Finally, Raymond James Financial cut shares of Gibson Energy from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Gibson Energy Stock Up 0.5%

The firm has a fifty day moving average price of $19.73 and a 200-day moving average price of $18.70. The company has a quick ratio of 0.79, a current ratio of 0.99 and a debt-to-equity ratio of 3.08. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 25.34 and a beta of 0.71.

Gibson Energy (OTCMKTS:GBNXF) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). Gibson Energy had a net margin of 1.85% and a return on equity of 22.21%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $2.06 billion. As a group, sell-side analysts forecast that Gibson Energy Inc. will post 1.09 EPS for the current year.

Gibson Energy Company Profile

Gibson Energy is a midstream energy services company headquartered in Calgary, Alberta, that provides crude oil, natural gas liquids (NGL) and refined products storage, terminalling, processing and transportation. With a network of terminals, pipelines, truck racks and processing facilities, the company serves producers, refiners, marketers and other midstream operators across Western Canada and parts of the U.S. Its comprehensive offerings include product handling, blending, distribution and marketing services tailored to meet fluctuating energy market demands.

Gibson Energy’s infrastructure portfolio includes crude oil and refined product terminals, an NGL fractionation facility and bulk storage sites strategically located near key supply basins such as the Alberta oil sands region and the U.S.