Gibson Energy (GEI) Scheduled to Post Quarterly Earnings on Monday

Gibson Energy (TSE:GEI) is set to issue its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of C$0.40 per share for the quarter.

Gibson Energy (TSE:GEI) last issued its quarterly earnings data on Tuesday, February 20th. The company reported C$0.32 earnings per share for the quarter, missing the consensus estimate of C$0.40 by C($0.08). Gibson Energy had a return on equity of 28.84% and a net margin of 1.95%. The business had revenue of C$2.81 billion during the quarter, compared to the consensus estimate of C$3.33 billion.

Gibson Energy Stock Performance

Shares of Gibson Energy stock opened at C$22.71 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 303.96. Gibson Energy has a twelve month low of C$18.45 and a twelve month high of C$23.40. The stock has a market cap of C$3.67 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.85 and a beta of 1.29. The company’s fifty day moving average is C$22.46 and its 200 day moving average is C$21.29.

Gibson Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Thursday, March 28th were paid a $0.41 dividend. This is a boost from Gibson Energy’s previous quarterly dividend of $0.39. The ex-dividend date was Wednesday, March 27th. This represents a $1.64 annualized dividend and a dividend yield of 7.22%. Gibson Energy’s payout ratio is currently 116.31%.

Insider Activity

In related news, Director Khalid Muslih acquired 7,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average price of C$16.63 per share, for a total transaction of C$116,410.00. In related news, Director Khalid Muslih acquired 7,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average price of C$16.63 per share, for a total transaction of C$116,410.00. Also, Senior Officer Sean Brown sold 35,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$19.97, for a total transaction of C$698,950.00. Company insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GEI. JPMorgan Chase & Co. upped their price target on shares of Gibson Energy from C$25.00 to C$26.00 in a research report on Monday, April 15th. CIBC upped their price target on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. Jefferies Financial Group set a C$25.00 price target on shares of Gibson Energy and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, National Bankshares upped their price target on shares of Gibson Energy from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Gibson Energy presently has an average rating of “Moderate Buy” and an average target price of C$25.46.

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.