Gibson Energy (OTCMKTS:GBNXF) Shares Cross Above 50-Day Moving Average - Here's Why

Gibson Energy Inc. (OTCMKTS:GBNXF - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 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 traded.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GBNXF shares. National Bank Financial cut shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. TD Securities upgraded shares of Gibson Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 24th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy".

Gibson Energy Price Performance

The company has a debt-to-equity ratio of 2.38, a current ratio of 0.70 and a quick ratio of 0.60. The company's 50-day moving average price is $15.67 and its 200-day moving average price is $16.30. The company has a market cap of $2.72 billion, a P/E ratio of 24.07 and a beta of 0.86.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. Gibson Energy had a return on equity of 16.18% and a net margin of 1.30%. The firm had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.99 billion. As a group, sell-side analysts predict that Gibson Energy Inc. will post 1.09 earnings per share for the current fiscal 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.