Atb Cap Markets Weighs in on Gibson Energy Inc.’s Q2 2024 Earnings (TSE:GEI)

Gibson Energy Inc. (TSE:GEI) – Equities research analysts at Atb Cap Markets cut their Q2 2024 earnings per share estimates for shares of Gibson Energy in a report released on Tuesday, July 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.37 for the quarter, down from their prior estimate of $0.39. The consensus estimate for Gibson Energy’s current full-year earnings is $1.56 per share. Atb Cap Markets also issued estimates for Gibson Energy’s FY2024 earnings at $1.43 EPS.

Gibson Energy (TSE:GEI) last issued its quarterly earnings results on Monday, April 29th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.14). The company had revenue of C$3.29 billion during the quarter, compared to the consensus estimate of C$2.87 billion. Gibson Energy had a return on equity of 21.90% and a net margin of 1.39%.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. raised their price objective on Gibson Energy from C$26.00 to C$27.00 and gave the stock an “overweight” rating in a report on Friday, June 28th. Stifel Nicolaus decreased their target price on shares of Gibson Energy from C$26.00 to C$25.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. BMO Capital Markets raised their price target on Gibson Energy from C$22.50 to C$25.00 and gave the stock a “market perform” rating in a report on Tuesday, April 30th. Finally, Scotiabank increased their price objective on shares of Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$25.50.

Gibson Energy Price Performance

Gibson Energy stock opened at C$23.09 on Thursday. The company has a debt-to-equity ratio of 288.27, a current ratio of 1.03 and a quick ratio of 0.87. The stock has a market cap of C$3.75 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. The firm has a 50-day moving average of C$22.84 and a two-hundred day moving average of C$22.36. Gibson Energy has a 1 year low of C$18.45 and a 1 year high of C$23.64.

Gibson Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Wednesday, July 17th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date was Friday, June 28th. Gibson Energy’s dividend payout ratio is presently 156.19%.

Gibson Energy Company Profile

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.