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

Key Points

• Gibson Energy shares rose above their 50-day moving average, trading as high as $23.03 versus the $21.60 average, on relatively low volume of 5,300 shares.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy”; however, Jefferies downgraded the stock to Hold, while other firms maintained Perform, Market Perform, Hold, or Outperform ratings.
• Gibson beat quarterly earnings expectations, reporting $0.34 EPS versus the $0.21 consensus, while revenue matched estimates at $2.35 billion. The company has a $3.97 billion market capitalization and significant leverage, with a debt-to-equity ratio of 2.73.

Gibson Energy Inc. (OTCMKTS:GBNXF - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $21.60 and traded as high as $23.03. Gibson Energy shares last traded at $23.03, with a volume of 5,300 shares.

Analysts Set New Price Targets

A number of research firms recently commented on GBNXF. Scotiabank reiterated a "sector perform" rating on shares of Gibson Energy in a report on Tuesday, July 21st. Zacks Research upgraded Gibson Energy from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Gibson Energy in a research note on Tuesday, July 28th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Gibson Energy in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group lowered shares of Gibson Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. One 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Gibson Energy Price Performance

The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.87 and a current ratio of 1.17. The company has a 50-day moving average of $21.60 and a 200-day moving average of $21.18. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 32.44 and a beta of 0.62.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last posted its earnings results on Monday, July 27th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.13. Gibson Energy had a return on equity of 18.87% and a net margin of 1.32%.The business had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.35 billion. As a group, research analysts anticipate that Gibson Energy Inc. will post 0.82 EPS for the current fiscal year.

About Gibson Energy

Gibson Energy is a midstream energy services company headquartered in Calgary, Alberta, that provides crude oil, natural gas liquids (NGL) and refined products storage, terminalling, processing and transportation. With a network of terminals, pipelines, truck racks and processing facilities, the company serves producers, refiners, marketers and other midstream operators across Western Canada and parts of the U.S. Its comprehensive offerings include product handling, blending, distribution and marketing services tailored to meet fluctuating energy market demands.

Gibson Energy's infrastructure portfolio includes crude oil and refined product terminals, an NGL fractionation facility and bulk storage sites strategically located near key supply basins such as the Alberta oil sands region and the U.S.

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