FY2023 Earnings Forecast for Gibson Energy Inc. (OTCMKTS:GBNXF) Issued By Atb Cap Markets

Gibson Energy Inc. (OTCMKTS:GBNXF – Get Rating) – Equities research analysts at Atb Cap Markets increased their FY2023 earnings estimates for Gibson Energy in a research report issued to clients and investors on Tuesday, May 16th. Atb Cap Markets analyst N. Heywood now expects that the company will earn $1.26 per share for the year, up from their prior forecast of $1.24. The consensus estimate for Gibson Energy’s current full-year earnings is $1.27 per share. Atb Cap Markets also issued estimates for Gibson Energy’s Q2 2024 earnings at $0.27 EPS, Q4 2024 earnings at $0.29 EPS and FY2025 earnings at $1.30 EPS.

GBNXF has been the topic of several other reports. Stifel Firstegy raised shares of Gibson Energy from a “hold” rating to a “buy” rating in a research note on Tuesday. Stifel Nicolaus raised shares of Gibson Energy from a “hold” rating to a “buy” rating in a research note on Wednesday. National Bank Financial increased their price target on shares of Gibson Energy from C$24.00 to C$25.00 in a research note on Friday, January 27th. Credit Suisse Group raised shares of Gibson Energy from a “neutral” rating to an “outperform” rating in a research note on Wednesday. Finally, TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “buy” rating in a report on Tuesday, April 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Gibson Energy has a consensus rating of “Moderate Buy” and an average price target of $25.08.

Gibson Energy Price Performance

GBNXF opened at $16.63 on Thursday. Gibson Energy has a one year low of $15.47 and a one year high of $21.71. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.20 and a quick ratio of 0.82. The company’s 50 day simple moving average is $16.37 and its 200-day simple moving average is $17.30. The stock has a market capitalization of $2.36 billion, a P/E ratio of 12.51 and a beta of 1.07.

Gibson Energy (OTCMKTS:GBNXF – Get Rating) last posted its quarterly earnings results on Monday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.12. The firm had revenue of $1.75 billion during the quarter. Gibson Energy had a net margin of 2.40% and a return on equity of 42.20%.

Gibson Energy Company Profile

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Gibson Energy, Inc is an oil infrastructure company, which engages in the business of storage, optimization, processing, and gathering of liquids and refined products. It operates through the Infrastructure and Marketing segments. The infrastructure segment includes midstream infrastructure assets comprising of oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and processing.