Gibson Energy (OTCMKTS:GBNXF) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Gibson Energy Inc. (OTCMKTS:GBNXF) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.60 and traded as high as $16.21. Gibson Energy shares last traded at $16.21, with a volume of 43,077 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on GBNXF shares. 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 upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 24th. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Gibson Energy Stock Up 0.8%

The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 23.49 and a beta of 0.86. The business has a 50 day simple moving average of $15.60 and a 200-day simple moving average of $16.29. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.60 and a current ratio of 0.70.

Gibson Energy (OTCMKTS:GBNXF) last issued its earnings results on Monday, May 5th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.99 billion. Gibson Energy had a return on equity of 16.18% and a net margin of 1.30%. On average, equities analysts expect that Gibson Energy Inc. will post 1.09 EPS 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.