Gibson Energy Inc. (OTCMKTS:GBNXF) Sees Significant Drop in Short Interest

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

Gibson Energy Stock Performance

Shares of OTCMKTS:GBNXF traded down $0.11 during midday trading on Friday, hitting $16.32. The company had a trading volume of 951 shares, compared to its average volume of 22,469. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.18 and a quick ratio of 0.89. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 17.18 and a beta of 0.93. Gibson Energy has a 12-month low of $13.13 and a 12-month high of $17.75. The company has a fifty day moving average of $16.58 and a two-hundred day moving average of $16.45.

Gibson Energy (OTCMKTS:GBNXF) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The firm had revenue of $2.13 billion during the quarter. Gibson Energy had a return on equity of 22.45% and a net margin of 1.72%. On average, equities research analysts expect that Gibson Energy will post 0.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Gibson Energy Company Profile

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.