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

Gibson Energy Inc. (OTCMKTS:GBNXF) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 3,274,800 shares, a decline of 12.5% from the November 15th total of 3,742,900 shares. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is presently 909.7 days.

Analysts Set New Price Targets

Several brokerages recently weighed in on GBNXF. Raymond James upgraded shares of Gibson Energy to a “strong-buy” rating in a report on Thursday, October 10th. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 5th.

Gibson Energy Stock Performance

OTCMKTS GBNXF opened at $17.17 on Tuesday. The firm has a market capitalization of $2.80 billion, a P/E ratio of 18.07 and a beta of 0.92. The stock has a 50-day simple moving average of $16.87 and a two-hundred day simple moving average of $16.55. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.89 and a current ratio of 1.18. Gibson Energy has a fifty-two week low of $13.13 and a fifty-two week high of $18.92.

Gibson Energy (OTCMKTS:GBNXF) last announced its quarterly 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. Gibson Energy had a return on equity of 22.45% and a net margin of 1.72%. The company had revenue of $2.13 billion during the quarter. On average, equities analysts forecast that Gibson Energy will post 0.95 earnings per share for the current year.

Gibson Energy Company Profile

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.