Gibson Energy (OTCMKTS:GBNXF) Shares Pass Above Fifty Day Moving Average – Here’s Why

Shares of Gibson Energy Inc. (OTCMKTS:GBNXF) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $21.79 and traded as high as $22.29. Gibson Energy shares last traded at $22.29, with a volume of 69,950 shares changing hands.

Analyst Upgrades and Downgrades

GBNXF has been the topic of a number of research reports. TD Securities reissued a “buy” rating on shares of Gibson Energy in a report on Thursday, July 16th. Scotiabank restated a “sector perform” rating on shares of Gibson Energy in a research note on Tuesday, July 21st. BMO Capital Markets reaffirmed a “market perform” rating on shares of Gibson Energy in a report on Tuesday, July 28th. Zacks Research raised Gibson Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Gibson Energy Trading Up 0.3%

The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 2.73. The firm has a 50-day moving average of $21.82 and a 200 day moving average of $21.32. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 31.69 and a beta of 0.62.

Gibson Energy (OTCMKTS:GBNXF) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Gibson Energy had a net margin of 1.32% and a return on equity of 18.87%. As a group, equities analysts predict that Gibson Energy Inc. will post 0.82 EPS for the current fiscal year.

Gibson Energy Company Profile

Gibson Energy is a midstream energy services company headquartered in Calgary, Alberta, that provides crude oil, natural gas liquids (NGL) and refined products storage, terminalling, processing and transportation. With a network of terminals, pipelines, truck racks and processing facilities, the company serves producers, refiners, marketers and other midstream operators across Western Canada and parts of the U.S. Its comprehensive offerings include product handling, blending, distribution and marketing services tailored to meet fluctuating energy market demands.

Gibson Energy’s infrastructure portfolio includes crude oil and refined product terminals, an NGL fractionation facility and bulk storage sites strategically located near key supply basins such as the Alberta oil sands region and the U.S.