Gibson Energy (OTCMKTS:GBNXF) Shares Cross Above 50-Day Moving Average – What’s Next?

Gibson Energy Inc. (OTCMKTS:GBNXF) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Gibson Energy in a research note on Wednesday, December 3rd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Gibson Energy in a report on Wednesday, December 3rd. Scotiabank reissued a “sector perform” rating on shares of Gibson Energy in a report on Wednesday, December 3rd. Zacks Research cut Gibson Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 5th. Finally, Natl Bk Canada raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Gibson Energy Stock Performance

The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.79 and a current ratio of 0.99. The firm has a market cap of $3.11 billion, a P/E ratio of 28.73 and a beta of 0.75. The company’s 50 day moving average is $17.57 and its 200 day moving average is $17.95.

Gibson Energy (OTCMKTS:GBNXF) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.72 billion. Gibson Energy had a net margin of 1.40% and a return on equity of 16.47%. As a group, equities analysts predict that Gibson Energy Inc. will post 1.09 earnings per share for the current fiscal year.

About Gibson Energy

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.