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

Shares of Gibson Energy Inc. (OTCMKTS:GBNXF) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $22.27 and traded as high as $22.3140. Gibson Energy shares last traded at $22.3140, with a volume of 145,536 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Zacks Research upgraded Gibson Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Scotiabank restated a “sector perform” rating on shares of Gibson Energy in a research report on Tuesday, July 21st. BMO Capital Markets reissued a “market perform” rating on shares of Gibson Energy in a research note on Tuesday, July 28th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Gibson Energy in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group downgraded shares of Gibson Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Gibson Energy currently has an average rating of “Moderate Buy”.

Gibson Energy Stock Down 0.3%

The business has a 50 day moving average of $22.27 and a two-hundred day moving average of $21.49. The stock has a market capitalization of $3.85 billion, a PE ratio of 31.43 and a beta of 0.62. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.89 and a current ratio of 1.07.

Gibson Energy (OTCMKTS:GBNXF) last released its quarterly earnings results on Monday, July 27th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.21 by $0.13. Gibson Energy had a net margin of 1.32% and a return on equity of 18.20%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. Analysts predict that Gibson Energy Inc. will post 0.83 EPS for the current year.

Gibson Energy Company Profile

Gibson Energy Inc is a Canadian midstream energy infrastructure company headquartered in Calgary, Alberta. The company provides transportation, storage, blending and other services for crude oil and refined products, connecting producers and customers across key energy markets.

Gibson’s operations include crude oil terminals, pipelines, storage facilities, trucking services and related infrastructure. Its assets support the movement of hydrocarbons from production areas to refineries, export facilities and other end markets.