Gibson Energy (OTCMKTS:GBNXF) Share Price Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• Gibson Energy Inc. shares have crossed above their 50-day moving average of $17.70, with recent trading as high as $18.46.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Gibson Energy, with a mixture of ratings including "strong-buy," "outperform," and "hold."
• The company recently reported earnings of $0.27 per share, exceeding the consensus estimate of $0.20, alongside a revenue of $1.28 billion.

Gibson Energy Inc. (OTCMKTS:GBNXF - Get Free Report)'s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $17.70 and traded as high as $18.46. Gibson Energy shares last traded at $18.46, with a volume of 10,805 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GBNXF. TD Securities cut shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Scotiabank reaffirmed an "outperform" rating on shares of Gibson Energy in a research report on Wednesday, July 30th. National Bankshares reaffirmed a "sector perform" rating on shares of Gibson Energy in a research report on Wednesday, July 30th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Gibson Energy in a research report on Tuesday, June 17th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Gibson Energy Trading Up 0.5%

The stock has a market capitalization of $3.02 billion, a PE ratio of 26.37 and a beta of 0.86. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 2.78. The business's 50-day moving average is $17.74 and its two-hundred day moving average is $16.47.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.07. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.28 billion. Gibson Energy had a net margin of 1.48% and a return on equity of 17.12%. On average, analysts anticipate 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.