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

Gibson Energy Inc. (OTCMKTS:GBNXF)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-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 changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GBNXF. Wells Fargo & Company lowered Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 24th. National Bank Financial lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, December 5th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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 stock has a market capitalization of $2.59 billion, a P/E ratio of 23.00 and a beta of 0.93. The company has a fifty day moving average price of $16.20 and a 200-day moving average price of $16.61.

Gibson Energy (OTCMKTS:GBNXF) last released 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 firm had revenue of $1.69 billion during the quarter. Gibson Energy had a return on equity of 16.18% and a net margin of 1.30%. As a group, research analysts forecast that Gibson Energy Inc. will post 1.09 EPS for the current fiscal 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.