Short Interest in Gibson Energy Inc. (OTCMKTS:GBNXF) Declines By 10.2%

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

Wall Street Analysts Forecast Growth

A number of 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 report on Wednesday, December 18th. BMO Capital Markets upgraded shares of Gibson Energy from a "market perform" rating to an "outperform" rating in a report on Thursday, December 5th. National Bank Financial downgraded shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Finally, TD Securities upgraded shares of Gibson Energy to a "hold" rating in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Gibson Energy Stock Performance

GBNXF traded up $0.07 during trading on Friday, hitting $14.97. The stock had a trading volume of 12,538 shares, compared to its average volume of 28,855. The firm has a market cap of $2.44 billion, a PE ratio of 21.70 and a beta of 0.91. Gibson Energy has a 12 month low of $13.13 and a 12 month high of $18.92. The company has a current ratio of 0.70, a quick ratio of 0.60 and a debt-to-equity ratio of 2.38. The company has a 50 day simple moving average of $17.12 and a 200-day simple moving average of $16.74.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported ($0.02) EPS 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 return on equity of 16.18% and a net margin of 1.30%. Analysts expect that Gibson Energy will post 1.11 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.