Gibson Energy (OTCMKTS:GBNXF) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Gibson Energy Inc. (OTCMKTS:GBNXF)’s share price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $22.48 and traded as low as $22.2230. Gibson Energy shares last traded at $22.4680, with a volume of 58,842 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Zacks Research upgraded Gibson Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, July 29th. Jefferies Financial Group lowered Gibson Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Raymond James Financial restated an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, September 16th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Gibson Energy Stock Performance

The company has a fifty day moving average of $22.47 and a two-hundred day moving average of $21.57. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 31.80 and a beta of 0.65. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.89 and a current ratio of 1.07.

Gibson Energy (OTCMKTS:GBNXF) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. Gibson Energy had a return on equity of 18.20% and a net margin of 1.32%.The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. As a group, equities research analysts predict that Gibson Energy Inc. will post 0.84 earnings per share for the current fiscal year.

Gibson Energy Company Profile

Gibson Energy Inc is a Canadian energy infrastructure company that owns, operates and develops assets used to transport, store and handle crude oil and other liquid hydrocarbons. Its operations support the movement of energy products from producing regions to refineries, export facilities and other markets.

The company’s activities include crude oil storage terminals, pipelines, gathering systems and related infrastructure, as well as marketing and logistics services. Gibson’s Canadian assets are concentrated in Western Canada, including major storage and transportation hubs such as Hardisty, Alberta.