Gibson Energy (OTCMKTS:GBNXF) Stock Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Gibson Energy shares crossed above their 50-day moving average, reaching $22.3140 versus the $22.27 average, with 145,536 shares traded.
• Analyst sentiment is generally positive, with the stock carrying a “Moderate Buy” consensus rating from one Strong Buy, four Buy, and four Hold recommendations.
• Gibson Energy reported quarterly earnings of $0.34 per share, beating the $0.21 consensus estimate, while revenue matched expectations at $2.35 billion.

Gibson Energy Inc. (OTCMKTS:GBNXF - Get Free Report)'s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $22.27 and traded as high as $22.3140. Gibson Energy shares last traded at $22.3140, with a volume of 145,536 shares changing hands.

Analysts Set New Price Targets

GBNXF has been the topic of several recent analyst reports. BMO Capital Markets reissued a "market perform" rating on shares of Gibson Energy in a report on Tuesday, July 28th. Royal Bank Of Canada restated an "outperform" rating on shares of Gibson Energy in a research note on Wednesday, July 29th. TD Securities reiterated a "buy" rating on shares of Gibson Energy in a research note on Thursday, July 16th. Zacks Research upgraded shares of Gibson Energy from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Finally, Scotiabank reissued a "sector perform" rating on shares of Gibson Energy in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Gibson Energy has an average rating of "Moderate Buy".

Gibson Energy Stock Performance

The company has a quick ratio of 0.89, a current ratio of 1.07 and a debt-to-equity ratio of 2.86. The stock has a fifty day moving average price of $22.27 and a 200-day moving average price of $21.49. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 31.43 and a beta of 0.62.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.13. Gibson Energy had a return on equity of 18.20% and a net margin of 1.32%.The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. On average, analysts expect that Gibson Energy Inc. will post 0.83 earnings per share for the current fiscal year.

About Gibson Energy

Gibson Energy Inc is a Canadian midstream energy infrastructure company headquartered in Calgary, Alberta. The company provides transportation, storage, blending and other services for crude oil and refined products, connecting producers and customers across key energy markets.

Gibson's operations include crude oil terminals, pipelines, storage facilities, trucking services and related infrastructure. Its assets support the movement of hydrocarbons from production areas to refineries, export facilities and other end markets.

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