Gibson Energy Inc. (OTCMKTS:GBNXF) Short Interest Up 35.4% in December

Gibson Energy Inc. (OTCMKTS:GBNXF) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 4,662,300 shares, an increase of 35.4% from the December 15th total of 3,442,600 shares. Based on an average daily trading volume, of 24,600 shares, the days-to-cover ratio is presently 189.5 days.

Gibson Energy Stock Down 1.6 %

Shares of OTCMKTS:GBNXF opened at $17.61 on Thursday. The business has a 50-day moving average price of $17.06 and a 200 day moving average price of $16.63. 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 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 2.86. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 18.54 and a beta of 0.91.

Gibson Energy (OTCMKTS:GBNXF) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business 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%. Sell-side analysts expect that Gibson Energy will post 0.93 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on GBNXF. TD Securities upgraded Gibson Energy to a “hold” rating in a report on Tuesday. Raymond James upgraded shares of Gibson Energy to a “strong-buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, December 5th.

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.