Gibson Energy Inc. (OTCMKTS:GBNXF) Short Interest Down 24.3% in February

Gibson Energy Inc. (OTCMKTS:GBNXF) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 3,296,000 shares, a drop of 24.3% from the February 13th total of 4,352,500 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average trading volume of 31,200 shares, the days-to-cover ratio is presently 105.6 days.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GBNXF shares. Wells Fargo & Company lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, December 5th. TD Securities raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 24th. Finally, National Bank Financial lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Gibson Energy Stock Performance

Shares of GBNXF stock opened at $15.01 on Monday. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 21.75 and a beta of 0.93. Gibson Energy has a 52-week low of $13.13 and a 52-week high of $18.92. The company has a quick ratio of 0.60, a current ratio of 0.70 and a debt-to-equity ratio of 2.38. The company’s 50 day moving average is $16.46 and its 200 day moving average is $16.65.

Gibson Energy (OTCMKTS:GBNXF) last announced its earnings results on Tuesday, February 18th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.25). The firm had revenue of $1.69 billion during the quarter. Gibson Energy had a net margin of 1.30% and a return on equity of 16.18%. On average, sell-side analysts anticipate that Gibson Energy will post 1.09 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.