Gibson Energy (OTCMKTS:GBNXF) Stock Crosses Above Fifty Day Moving Average - Here's Why

Gibson Energy Inc. (OTCMKTS:GBNXF - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $15.28 and traded as high as $15.29. Gibson Energy shares last traded at $15.29, with a volume of 34,698 shares traded.

Analysts Set New Price Targets

GBNXF has been the topic of a number of recent analyst reports. TD Securities raised shares of Gibson Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 24th. National Bank Financial lowered shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy".

Gibson Energy Stock Performance

The firm has a market capitalization of $2.61 billion, a PE ratio of 23.12 and a beta of 0.86. The stock's 50-day moving average price is $15.20 and its 200 day moving average price is $16.41. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.70 and a quick ratio of 0.60.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.25). The business had revenue of $1.69 billion for the quarter. Gibson Energy had a net margin of 1.30% and a return on equity of 16.18%. On average, sell-side analysts expect that Gibson Energy Inc. will post 1.09 EPS 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.