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

Gibson Energy Inc. (OTCMKTS:GBNXF) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $16.24 and traded as high as $18.02. Gibson Energy shares last traded at $17.80, with a volume of 76,691 shares changing hands.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. National Bank Financial cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 19th. TD Securities raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Gibson Energy Price Performance

The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.52 and a current ratio of 0.65. The firm has a market capitalization of $2.91 billion, a P/E ratio of 25.07 and a beta of 0.85. The stock’s 50 day simple moving average is $16.24 and its 200 day simple moving average is $16.36.

Gibson Energy (OTCMKTS:GBNXF) last issued its earnings results on Monday, May 5th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.99 billion. Gibson Energy had a net margin of 1.44% and a return on equity of 16.96%. As a group, analysts expect that Gibson Energy Inc. will post 1.09 earnings per share for the current fiscal year.

About Gibson Energy

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.