Gibson Energy Inc. (OTCMKTS:GBNXF) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 785,400 shares, a growth of 32.4% from the August 31st total of 593,200 shares. Based on an average daily trading volume, of 800 shares, the short-interest ratio is presently 981.8 days.
GBNXF has been the subject of a number of research reports. TD Securities increased their target price on shares of Gibson Energy from $22.00 to $24.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. BMO Capital Markets raised their price objective on shares of Gibson Energy from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Royal Bank of Canada raised their target price on shares of Gibson Energy from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Canaccord Genuity reaffirmed a “buy” rating and issued a $27.00 target price on shares of Gibson Energy in a research note on Tuesday, July 28th. Finally, Scotiabank raised their target price on shares of Gibson Energy from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $24.33.
Shares of OTCMKTS GBNXF traded down $0.09 during mid-day trading on Thursday, hitting $16.22. The stock had a trading volume of 450 shares, compared to its average volume of 3,038. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.81 and a current ratio of 1.02. Gibson Energy has a 1 year low of $8.59 and a 1 year high of $21.30. The business has a 50 day moving average price of $18.11 and a two-hundred day moving average price of $15.40. The firm has a market cap of $2.37 billion and a P/E ratio of 18.64.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Wednesday, September 30th will be issued a $0.254 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $1.02 annualized dividend and a yield of 6.26%. This is a boost from Gibson Energy’s previous quarterly dividend of $0.24.
About Gibson Energy
Gibson Energy Inc, a crude oil infrastructure company, engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.
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