Short Interest in Gibson Energy Inc. (OTCMKTS:GBNXF) Decreases By 12.5%

Gibson Energy Inc. (OTCMKTS:GBNXF) saw a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 3,274,800 shares, a drop 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

GBNXF has been the subject of several research reports. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, December 5th. Raymond James raised Gibson Energy to a “strong-buy” rating in a report on Thursday, October 10th.

Gibson Energy Stock Performance

Shares of GBNXF stock opened at $17.29 on Friday. The stock’s 50-day moving average price is $16.87 and its 200 day moving average price is $16.55. Gibson Energy has a 52-week low of $13.13 and a 52-week high of $18.92. The stock has a market capitalization of $2.82 billion, a PE ratio of 18.20 and a beta of 0.92. 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 (OTCMKTS:GBNXF) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities research analysts forecast that Gibson Energy will post 0.95 EPS for the current 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.