Analysts Issue Forecasts for Gibson Energy FY2024 Earnings

Gibson Energy Inc. (TSE:GEI) – Analysts at Atb Cap Markets dropped their FY2024 earnings per share (EPS) estimates for shares of Gibson Energy in a research note issued to investors on Wednesday, October 30th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $1.30 for the year, down from their previous forecast of $1.33. Atb Cap Markets also issued estimates for Gibson Energy’s Q4 2024 earnings at $0.33 EPS, Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.41 EPS and FY2025 earnings at $1.64 EPS.

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

Gibson Energy Stock Up 0.0 %

GEI opened at C$23.10 on Friday. The firm has a market cap 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 debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. The firm’s 50-day simple moving average is C$22.58 and its 200-day simple moving average is C$22.60. Gibson Energy has a twelve month low of C$19.33 and a twelve month high of C$24.33.

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

Insider Transactions at Gibson Energy

In other Gibson Energy news, Director Curtis Philippon purchased 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired 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 purchased 23,000 shares of Gibson Energy stock in a transaction dated Wednesday, September 4th. The shares were acquired 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 Gibson Energy stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of C$21.52 per share, for a total transaction of C$73,168.00. 0.85% of the stock is owned by corporate insiders.

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 dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.64 dividend on an annualized basis and a yield of 7.10%. Gibson Energy’s payout ratio is presently 154.72%.

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.