Gibson Energy (OTCMKTS:GBNXF) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Gibson Energy Inc. (OTCMKTS:GBNXF) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $21.60 and traded as high as $23.03. Gibson Energy shares last traded at $23.03, with a volume of 5,300 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently commented on GBNXF. TD Securities reissued a “buy” rating on shares of Gibson Energy in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Gibson Energy in a research report on Wednesday, July 29th. BMO Capital Markets reiterated 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 research report on Tuesday, August 4th. Finally, Jefferies Financial Group cut Gibson Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Gibson Energy Stock Performance

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 stock has a market cap of $3.91 billion, a PE ratio of 31.92 and a beta of 0.62. The business’s 50-day moving average price is $21.65 and its 200-day moving average price is $21.21.

Gibson Energy (OTCMKTS:GBNXF) last posted its earnings results on Monday, July 27th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. The company had revenue of $2.35 billion during 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 research analysts expect that Gibson Energy Inc. will post 0.82 earnings per share for the current fiscal year.

About Gibson Energy

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.