Gibson Energy (OTCMKTS:GBNXF) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Gibson Energy Inc. (OTCMKTS:GBNXF)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $20.90 and traded as low as $20.5935. Gibson Energy shares last traded at $20.5935, with a volume of 974,873 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Gibson Energy in a research note on Tuesday, May 26th. TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, May 26th. Finally, Zacks Research raised shares of Gibson Energy from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Gibson Energy currently has a consensus rating of “Moderate Buy”.

Gibson Energy Stock Performance

The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 2.73. The company has a 50 day moving average of $20.90 and a 200 day moving average of $20.36. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 32.18 and a beta of 0.62.

Gibson Energy (OTCMKTS:GBNXF) last issued its quarterly earnings results on Monday, May 4th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.21). Gibson Energy had a net margin of 1.36% and a return on equity of 16.57%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2.09 billion. As a group, equities research analysts expect that Gibson Energy Inc. will post 0.71 EPS for the current fiscal year.

Gibson Energy Company Profile

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.