Gibson Energy Inc. (OTCMKTS:GBNXF) Short Interest Down 10.2% in January

Gibson Energy Inc. (OTCMKTS:GBNXF) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 4,152,800 shares, a decrease of 10.2% from the January 15th total of 4,622,900 shares. Based on an average trading volume of 8,400 shares, the days-to-cover ratio is currently 494.4 days.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GBNXF shares. Wells Fargo & Company downgraded shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. TD Securities raised shares of Gibson Energy to a “hold” rating in a research note on Tuesday, January 14th. Finally, BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 5th.

Gibson Energy Trading Down 1.1 %

GBNXF stock traded down $0.18 during trading on Monday, hitting $16.69. The company had a trading volume of 21,713 shares, compared to its average volume of 7,723. The firm has a market capitalization of $2.72 billion, a P/E ratio of 17.57 and a beta of 0.91. Gibson Energy has a 52-week low of $13.13 and a 52-week high of $18.92. The company has a 50 day simple moving average of $17.30 and a 200-day simple moving average of $16.74. The company has a quick ratio of 0.60, a current ratio of 0.70 and a debt-to-equity ratio of 2.38.

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.