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

Gibson Energy Inc. (OTCMKTS:GBNXF) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 4,662,300 shares, an increase of 35.4% from the December 15th total of 3,442,600 shares. Based on an average daily volume of 24,600 shares, the short-interest ratio is presently 189.5 days.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GBNXF. Raymond James raised Gibson Energy to a “strong-buy” rating in a research report on Thursday, October 10th. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, December 5th. Wells Fargo & Company cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, TD Securities upgraded Gibson Energy to a “hold” rating in a research note on Tuesday.

Gibson Energy Stock Performance

Shares of Gibson Energy stock opened at $17.61 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 2.86. Gibson Energy has a 52 week low of $13.13 and a 52 week high of $18.92. The firm’s 50 day moving average is $17.06 and its two-hundred day moving average is $16.63. The firm has a market capitalization of $2.87 billion, a P/E ratio of 18.54 and a beta of 0.91.

Gibson Energy (OTCMKTS:GBNXF) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. Gibson Energy had a net margin of 1.72% and a return on equity of 22.45%. The firm had revenue of $2.13 billion for the quarter. Research analysts forecast that Gibson Energy will post 0.93 EPS for the current fiscal 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.