Gibson Energy Inc. (OTCMKTS:GBNXF) Short Interest Up 5.1% in December

Gibson Energy Inc. (OTCMKTS:GBNXF) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 3,442,600 shares, a growth of 5.1% from the November 30th total of 3,274,800 shares. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is currently 860.7 days.

Gibson Energy Stock Performance

GBNXF stock opened at $17.05 on Thursday. Gibson Energy has a 1-year low of $13.13 and a 1-year high of $18.92. The business has a 50-day moving average price of $16.85 and a 200 day moving average price of $16.57. The company has a market capitalization of $2.78 billion, a P/E ratio of 17.95 and a beta of 0.92. 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 posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.24 EPS for the quarter, beating 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 business had revenue of $2.13 billion during the quarter. As a group, equities research analysts forecast that Gibson Energy will post 0.95 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.