Gibson Energy Inc. (OTCMKTS:GBNXF) Short Interest Down 36.1% in October

Gibson Energy Inc. (OTCMKTS:GBNXF) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 3,106,300 shares, a decline of 36.1% from the October 15th total of 4,862,200 shares. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is presently 1,109.4 days.

Gibson Energy Price Performance

Shares of GBNXF traded up $0.27 during trading hours on Thursday, hitting $16.43. 138,841 shares of the company were exchanged, compared to its average volume of 22,583. The company has a market capitalization of $2.67 billion, a PE ratio of 17.29 and a beta of 0.93. The firm has a fifty day simple moving average of $16.58 and a 200-day simple moving average of $16.45. 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 has a one year low of $13.13 and a one year high of $17.75.

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

Analyst Upgrades and Downgrades

Separately, Raymond James raised Gibson Energy to a “strong-buy” rating in a research report on Thursday, October 10th.

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.