FY2024 EPS Estimate for Gibson Energy Decreased by Analyst

Gibson Energy Inc. (TSE:GEI) – Equities researchers at National Bank Financial decreased their FY2024 earnings per share (EPS) estimates for Gibson Energy in a research note issued to investors on Wednesday, October 30th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $1.29 per share for the year, down from their previous forecast of $1.41. National Bank Financial also issued estimates for Gibson Energy’s FY2025 earnings at $1.64 EPS.

Gibson Energy (TSE:GEI) last released its quarterly earnings results on Monday, July 29th. The company reported C$0.38 earnings per share for the quarter, beating the consensus estimate of C$0.36 by C$0.02. The company had revenue of C$3.23 billion for the quarter. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%.

GEI has been the subject of a number of other reports. National Bankshares lifted their price target on shares of Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Raymond James set a C$28.50 price target on Gibson Energy and gave the stock a “strong-buy” rating in a research note on Friday, October 11th. Royal Bank of Canada upped their price target on shares of Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. dropped their price objective on Gibson Energy from C$27.00 to C$26.00 in a research note on Wednesday, October 2nd. Finally, BMO Capital Markets raised their target price on shares of Gibson Energy from C$25.00 to C$25.50 in a research report on Thursday, September 5th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$26.00.

Gibson Energy Stock Up 0.0 %

TSE GEI opened at C$23.10 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. Gibson Energy has a 52 week low of C$19.33 and a 52 week high of C$24.33. The firm has a market capitalization of C$3.76 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 1.85 and a beta of 1.25. The company has a fifty day moving average of C$22.58 and a two-hundred day moving average of C$22.60.

Gibson Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a $0.41 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.64 dividend on an annualized basis and a yield of 7.10%. Gibson Energy’s dividend payout ratio is currently 154.72%.

Insider Buying and Selling at Gibson Energy

In other news, Director Curtis Philippon bought 23,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was bought at an average cost of C$22.03 per share, with a total value of C$506,690.00. In related news, Director Curtis Philippon bought 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. Also, Director Margaret Cahill Montana bought 3,400 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average cost of C$21.52 per share, with a total value of C$73,168.00. 0.85% of the stock is currently owned by corporate insiders.

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.