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 trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 24th. National Bank Financial downgraded shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Gibson Energy Trading Down 1.0%

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

Gibson Energy (OTCMKTS:GBNXF) last announced its earnings results on Monday, May 5th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. The company had revenue of $1.91 billion during 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, equities research analysts expect that Gibson Energy Inc. will post 1.09 earnings per share for the current 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.