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

Shares of Gibson Energy Inc. (OTCMKTS:GBNXF) passed 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 traded.

Analyst Upgrades and Downgrades

GBNXF has been the topic of several recent research reports. Scotiabank reissued a “sector perform” rating on shares of Gibson Energy in a report on Tuesday, July 21st. Raymond James Financial restated an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, September 16th. Zacks Research upgraded Gibson Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Canadian Imperial Bank of Commerce set a $34.00 target price on Gibson Energy and gave the stock a “reduce” rating in a research report on Thursday, October 22nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Gibson Energy in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.00.

Gibson Energy Stock 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 two-hundred day moving average is $21.67. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.07 and a quick ratio of 0.89.

Gibson Energy (OTCMKTS:GBNXF) last posted its quarterly earnings results on Monday, November 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.06. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates 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 predict that Gibson Energy Inc. will post 0.91 EPS for the current year.

Gibson Energy Company Profile

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.