Gibson Energy (OTCMKTS:GBNXF) Shares Gap Down – Should You Sell?

Shares of Gibson Energy Inc. (OTCMKTS:GBNXF) gapped down before the market opened on Thursday . The stock had previously closed at $21.29, but opened at $20.0501. Gibson Energy shares last traded at $20.00, with a volume of 2,754 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GBNXF shares. TD Securities raised Gibson Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, May 26th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Gibson Energy in a research report on Tuesday, May 26th. Finally, Zacks Research upgraded Gibson Energy from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Gibson Energy Stock Performance

The company’s 50 day simple moving average is $20.83 and its 200 day simple moving average is $20.24. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.87 and a current ratio of 1.17. The stock has a market cap of $3.56 billion, a PE ratio of 32.23 and a beta of 0.62.

Gibson Energy (OTCMKTS:GBNXF) last released its earnings results on Monday, May 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.21). The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2.09 billion. Gibson Energy had a net margin of 1.36% and a return on equity of 16.57%. Analysts expect that Gibson Energy Inc. will post 0.71 earnings per share 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.