Gibson Energy (OTCMKTS:GBNXF) Shares Pass Above 50 Day Moving Average - What's Next?

Key Points

• Gibson Energy shares rose above their 50-day moving average, reaching $22.29 versus the $21.79 average, with 69,950 shares traded.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating based on one Strong Buy, four Buys and four Holds.
• The company reported quarterly EPS of $0.34, beating estimates of $0.21, while revenue matched expectations at $2.35 billion.

Gibson Energy Inc. (OTCMKTS:GBNXF - Get Free Report)'s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $21.79 and traded as high as $22.29. Gibson Energy shares last traded at $22.29, with a volume of 69,950 shares.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. BMO Capital Markets restated a "market perform" rating on shares of Gibson Energy in a research note on Tuesday, July 28th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Gibson Energy in a research note on Wednesday, July 29th. TD Securities restated a "buy" rating on shares of Gibson Energy in a research report on Thursday, July 16th. Royal Bank Of Canada restated an "outperform" rating on shares of Gibson Energy in a research note on Wednesday, July 29th. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Gibson Energy in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

Gibson Energy Trading Up 0.3%

The stock has a fifty day moving average of $21.79 and a 200 day moving average of $21.30. 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 market capitalization of $3.84 billion, a PE ratio of 31.39 and a beta of 0.62.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.13. Gibson Energy had a net margin of 1.32% and a return on equity of 18.87%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. As a group, sell-side analysts predict that Gibson Energy Inc. will post 0.82 earnings per share 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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