Gibson Energy Inc. (OTCMKTS:GBNXF) Short Interest Down 36.1% in October

Gibson Energy Inc. (OTCMKTS:GBNXF) saw a large decline in short interest in 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 currently 1,109.4 days.

Analyst Upgrades and Downgrades

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

Gibson Energy Stock Performance

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 firm has a fifty day simple moving average of $16.58 and a two-hundred day simple moving average of $16.45. Gibson Energy has a fifty-two week low of $13.13 and a fifty-two week high of $17.75. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 2.86. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 17.18 and a beta of 0.93.

Gibson Energy (OTCMKTS:GBNXF) last released its earnings results on Tuesday, October 29th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $2.13 billion for the quarter. Gibson Energy had a return on equity of 22.45% and a net margin of 1.72%. Equities analysts forecast that Gibson Energy will post 0.96 earnings per share for the current fiscal year.

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.