Gibson Energy Inc. (OTCMKTS:GBNXF – Get Free Report) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 3,274,800 shares, a decline 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 currently 909.7 days.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Raymond James raised Gibson Energy to a “strong-buy” rating in a report on Thursday, October 10th. BMO Capital Markets upgraded Gibson Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 5th.
Check Out Our Latest Analysis on GBNXF
Gibson Energy Price Performance
Gibson Energy (OTCMKTS:GBNXF – Get Free Report) last released 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 business had revenue of $2.13 billion during the quarter. Gibson Energy had a net margin of 1.72% and a return on equity of 22.45%. Equities analysts expect 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.
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