FY2024 Earnings Forecast for Gibson Energy Inc. (TSE:GEI) Issued By National Bank Financial

Gibson Energy Inc. (TSE:GEI) – Equities research analysts at National Bank Financial lowered their FY2024 EPS estimates for Gibson Energy in a research note issued to investors on Tuesday, July 30th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $1.41 for the year, down from their previous forecast of $1.43. The consensus estimate for Gibson Energy’s current full-year earnings is $1.56 per share.

GEI has been the subject of several other reports. Stifel Nicolaus cut their price objective 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. JPMorgan Chase & Co. lifted their price target on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an “overweight” rating in a research report on Friday, June 28th. BMO Capital Markets lifted their price target on shares of Gibson Energy from C$22.50 to C$25.00 and gave the company a “market perform” rating in a research report on Tuesday, April 30th. Finally, Scotiabank lifted their price target 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 analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$25.38.

Gibson Energy Trading Down 2.2 %

Shares of GEI stock opened at C$21.31 on Thursday. The firm has a 50 day moving average price of C$22.80 and a two-hundred day moving average price of C$22.41. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 288.27. The company has a market capitalization of C$3.46 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. Gibson Energy has a 12-month low of C$18.45 and a 12-month high of C$23.64.

Gibson Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.64 dividend on an annualized basis and a yield of 7.70%. Gibson Energy’s dividend payout ratio (DPR) is 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.