Gibson Energy (OTCMKTS:GBNXF) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Gibson Energy Inc. (OTCMKTS:GBNXF) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.20 and traded as low as $15.84. Gibson Energy shares last traded at $15.87, with a volume of 129,287 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. TD Securities upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 24th. Wells Fargo & Company lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, National Bank Financial cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Gibson Energy presently has a consensus rating of “Buy”.

Gibson Energy Stock Up 0.8 %

The company has a quick ratio of 0.60, a current ratio of 0.70 and a debt-to-equity ratio of 2.38. The company has a fifty day simple moving average of $16.20 and a 200-day simple moving average of $16.61. The firm has a market cap of $2.59 billion, a P/E ratio of 23.00 and a beta of 0.93.

Gibson Energy (OTCMKTS:GBNXF) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.25). The company 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, equities analysts anticipate that Gibson Energy Inc. will post 1.09 earnings per share for the current 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.