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

Gibson Energy Inc. (OTCMKTS:GBNXF)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $18.42 and last traded at $18.25, with a volume of 2971 shares traded. The stock had previously closed at $16.69.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a report on Thursday. Raymond James raised shares of Gibson Energy to a “strong-buy” rating in a research report on Thursday, October 10th.

Gibson Energy Stock Performance

The firm has a market cap of $2.97 billion, a P/E ratio of 17.57 and a beta of 0.92. The stock’s 50 day moving average is $16.70 and its two-hundred day moving average is $16.48. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.18 and a quick ratio of 0.89.

Gibson Energy (OTCMKTS:GBNXF) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. The firm had revenue of $2.13 billion for the quarter. Gibson Energy had a net margin of 1.72% and a return on equity of 22.45%. As a group, equities analysts predict that Gibson Energy Inc. will post 0.96 EPS for the current year.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.