Short Interest in Gibson Energy Inc. (OTCMKTS:GBNXF) Drops By 36.1%

Gibson Energy Inc. (OTCMKTS:GBNXF) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 3,106,300 shares, a drop of 36.1% from the October 15th total of 4,862,200 shares. Based on an average daily volume of 2,800 shares, the short-interest ratio is currently 1,109.4 days.

Gibson Energy Trading Up 1.6 %

Gibson Energy stock traded up $0.27 during mid-day trading on Thursday, hitting $16.43. The company’s stock had a trading volume of 138,841 shares, compared to its average volume of 22,583. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 17.29 and a beta of 0.93. The business has a 50 day moving average price of $16.58 and a 200-day moving average price of $16.45. 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 has a 12 month low of $13.13 and a 12 month high of $17.75.

Gibson Energy (OTCMKTS:GBNXF) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $2.13 billion for the quarter. Gibson Energy had a net margin of 1.72% and a return on equity of 22.45%. As a group, analysts forecast that Gibson Energy will post 0.96 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Raymond James upgraded Gibson Energy to a “strong-buy” rating in a report on Thursday, October 10th.

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.