Gibson Energy (OTCMKTS:GBNXF) Stock Crosses Above 50 Day Moving Average – Here’s Why

Gibson Energy Inc. (OTCMKTS:GBNXF)’s share price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $22.85 and traded as high as $22.8505. Gibson Energy shares last traded at $22.8505, with a volume of 11,681 shares changing hands.

Analyst Ratings Changes

GBNXF has been the subject of a number of recent research reports. Zacks Research upgraded shares of Gibson Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. BMO Capital Markets reissued a “market perform” rating on shares of Gibson Energy in a research report on Tuesday, July 28th. TD Securities restated a “buy” rating on shares of Gibson Energy in a report on Friday, October 16th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group cut Gibson Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Gibson Energy currently has a consensus rating of “Hold” and an average price target of $34.00.

Gibson Energy Price Performance

The firm has a market cap of $3.94 billion, a P/E ratio of 27.53 and a beta of 0.59. The stock’s 50-day moving average is $22.85 and its 200-day moving average is $21.67. The company has a quick ratio of 0.89, a current ratio of 1.07 and a debt-to-equity ratio of 2.86.

Gibson Energy (OTCMKTS:GBNXF) last issued its quarterly earnings results on Monday, November 2nd. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. Gibson Energy had a net margin of 1.47% and a return on equity of 21.07%. As a group, equities analysts anticipate that Gibson Energy Inc. will post 0.91 EPS for the current fiscal year.

About Gibson Energy

Gibson Energy is a Canadian midstream energy company that provides infrastructure and services for the movement, storage and marketing of crude oil and other energy products. Its operations include terminals, pipelines, gathering systems and processing facilities, connecting producers with domestic and international markets. The company’s assets are concentrated in Western Canada, including its Hardisty and Edmonton terminal operations in Alberta. Gibson also has a presence in the United States through its interest in the South Texas Gateway Terminal, a crude oil export facility in Corpus Christi, Texas.