Gibson Energy (OTCMKTS:GBNXF) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Shares of Gibson Energy Inc. (OTCMKTS:GBNXF) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty 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.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. TD Securities reaffirmed a “buy” rating on shares of Gibson Energy in a report on Friday, October 16th. Royal Bank Of Canada reissued an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, July 29th. BMO Capital Markets restated a “market perform” rating on shares of Gibson Energy in a research note on Tuesday, July 28th. Scotiabank reaffirmed a “sector perform” rating on shares of Gibson Energy in a report on Tuesday, July 21st. Finally, Zacks Research raised Gibson Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Gibson Energy currently has an average rating of “Hold” and an average target price of $34.00.

Gibson Energy Trading Up 0.2%

The company has a debt-to-equity ratio of 2.86, a current ratio of 1.07 and a quick ratio of 0.89. The firm has a market capitalization of $3.96 billion, a PE ratio of 27.62 and a beta of 0.59. The company’s fifty day simple moving average is $22.86 and its 200-day simple moving average is $21.71.

Gibson Energy (OTCMKTS:GBNXF) last released its earnings results on Monday, November 2nd. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. Gibson Energy had a net margin of 1.47% and a return on equity of 21.07%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. As a group, sell-side analysts expect that Gibson Energy Inc. will post 0.92 earnings per share 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.