Gibson Energy Inc. Expected to Earn FY2024 Earnings of $1.65 Per Share (TSE:GEI)

Gibson Energy Inc. (TSE:GEI) – Investment analysts at Atb Cap Markets increased their FY2024 earnings per share (EPS) estimates for shares of Gibson Energy in a research report issued to clients and investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will earn $1.65 per share for the year, up from their prior estimate of $1.63. The consensus estimate for Gibson Energy’s current full-year earnings is $1.59 per share.

Gibson Energy (TSE:GEI) last posted its quarterly earnings results 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 company had revenue of C$2.81 billion during the quarter, compared to analysts’ expectations of C$3.33 billion.

Several other analysts also recently commented on the company. CIBC increased their target price on Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Monday, January 8th. Jefferies Financial Group set a C$25.00 price target on Gibson Energy and gave the company a “buy” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. increased their price target on Gibson Energy from C$25.00 to C$26.00 in a report on Monday, April 15th. Finally, National Bankshares increased their price target on Gibson Energy from C$24.00 to C$25.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Gibson Energy currently has a consensus rating of “Moderate Buy” and an average target price of C$25.46.

Gibson Energy Stock Performance

Shares of GEI opened at C$22.72 on Thursday. The business’s fifty day simple moving average is C$22.59 and its two-hundred day simple moving average is C$21.35. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 303.96. Gibson Energy has a 12 month low of C$18.45 and a 12 month high of C$23.40. The company 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.

Insiders Place Their Bets

In other news, Director Khalid Muslih acquired 7,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was 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 purchased 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average price of C$16.63 per share, for a total transaction of C$116,410.00. Also, Director Steven R. Spaulding sold 55,823 shares of Gibson Energy stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$22.72, for a total value of C$1,268,298.56. 0.81% of the stock is currently owned by company insiders.

Gibson Energy Increases Dividend

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

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.