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

Gibson Energy Inc. (OTCMKTS:GBNXF) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $17.57 and traded as high as $18.9620. Gibson Energy shares last traded at $18.9620, with a volume of 14,998 shares traded.

Analyst Ratings Changes

GBNXF has been the subject of several research analyst reports. Zacks Research downgraded shares of Gibson Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 5th. Jefferies Financial Group reiterated a “buy” rating on shares of Gibson Energy in a research note on Wednesday, December 3rd. Royal Bank Of Canada restated an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, December 3rd. Scotiabank reiterated a “sector perform” rating on shares of Gibson Energy in a research report on Wednesday, December 3rd. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Gibson Energy in a research note on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Gibson Energy Price Performance

The business has a 50-day moving average of $17.57 and a two-hundred day moving average of $17.94. The company has a current ratio of 0.99, a quick ratio of 0.79 and a debt-to-equity ratio of 3.08. The firm has a market cap of $3.11 billion, a P/E ratio of 28.73 and a beta of 0.75.

Gibson Energy (OTCMKTS:GBNXF) last posted its earnings results on Monday, November 3rd. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Gibson Energy had a net margin of 1.40% and a return on equity of 16.47%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.72 billion. On average, sell-side analysts anticipate that Gibson Energy Inc. will post 1.09 earnings per share for the current fiscal year.

Gibson Energy Company Profile

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.