Gibson Energy (OTCMKTS:GBNXF) Stock Price Crosses Below Fifty Day Moving Average - Should You Sell?

Key Points

• Gibson Energy shares slipped below their 50-day moving average, trading as low as $22.2230 versus the $22.48 average, before last trading at $22.4680.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy”; however, Jefferies downgraded the stock to “Hold,” while several other firms maintained Buy or Outperform ratings.
• The company exceeded quarterly earnings expectations, reporting $0.34 EPS versus the $0.21 consensus, while revenue matched estimates at $2.35 billion. Analysts project full-year EPS of $0.84.

Shares of Gibson Energy Inc. (OTCMKTS:GBNXF - Get Free Report) passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $22.48 and traded as low as $22.2230. Gibson Energy shares last traded at $22.4680, with a volume of 58,842 shares.

Wall Street Analysts Forecast Growth

GBNXF has been the topic of several recent research reports. Jefferies Financial Group lowered shares of Gibson Energy from a "buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Gibson Energy in a research note on Wednesday, July 29th. Zacks Research raised shares of Gibson Energy from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Gibson Energy in a research report on Wednesday, July 29th. Finally, TD Securities reaffirmed a "buy" rating on shares of Gibson Energy in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Gibson Energy Stock Performance

The stock has a market cap of $3.88 billion, a PE ratio of 31.65 and a beta of 0.65. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.07 and a quick ratio of 0.89. The stock has a 50-day simple moving average of $22.48 and a 200-day simple moving average of $21.56.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.13. Gibson Energy had a return on equity of 18.20% and a net margin of 1.32%.The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Equities analysts predict that Gibson Energy Inc. will post 0.84 earnings per share for the current fiscal year.

Gibson Energy Company Profile

Gibson Energy Inc is a Canadian energy infrastructure company that owns, operates and develops assets used to transport, store and handle crude oil and other liquid hydrocarbons. Its operations support the movement of energy products from producing regions to refineries, export facilities and other markets.

The company's activities include crude oil storage terminals, pipelines, gathering systems and related infrastructure, as well as marketing and logistics services. Gibson's Canadian assets are concentrated in Western Canada, including major storage and transportation hubs such as Hardisty, Alberta.

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