Gibson Energy (OTCMKTS:GBNXF) Shares Cross Above Fifty Day Moving Average - What's Next?

Key Points

• Gibson Energy shares have recently crossed above the fifty-day moving average of $18.65, trading as high as $19.50 during the day.
• The company reported a quarterly EPS of $0.27, exceeding analysts' estimates of $0.20, with a total revenue of $1.28 billion.
• Analyst ratings for Gibson Energy reflect a consensus of "Moderate Buy", with various brokerages issuing ratings ranging from "Strong Buy" to "Hold."

Gibson Energy Inc. (OTCMKTS:GBNXF - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $18.65 and traded as high as $19.50. Gibson Energy shares last traded at $19.40, with a volume of 39,529 shares traded.

Analyst Ratings Changes

A number of brokerages recently issued reports on GBNXF. Scotiabank reiterated an "outperform" rating on shares of Gibson Energy in a report on Wednesday, July 30th. Raymond James Financial reissued a "strong-buy" rating on shares of Gibson Energy in a research note on Tuesday, June 17th. TD Securities lowered shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Finally, National Bankshares reissued a "sector perform" rating on shares of Gibson Energy in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Gibson Energy Stock Performance

The company's fifty day moving average price is $18.65 and its 200 day moving average price is $17.14. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.71 and a quick ratio of 0.58. The company has a market cap of $3.18 billion, a PE ratio of 27.71 and a beta of 0.84.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.07. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Gibson Energy had a net margin of 1.48% and a return on equity of 17.12%. On average, equities research analysts predict that Gibson Energy Inc. will post 1.09 earnings per share for the current 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.

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