FY2024 Earnings Estimate for Gibson Energy Inc. Issued By National Bank Financial (TSE:GEI)

Gibson Energy Inc. (TSE:GEI) – Research analysts at National Bank Financial cut their FY2024 earnings per share estimates for Gibson Energy in a research note issued on Tuesday, April 30th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $1.43 for the year, down from their previous estimate of $1.56. The consensus estimate for Gibson Energy’s current full-year earnings is $1.59 per share.

A number of other brokerages have also issued reports on GEI. National Bankshares lifted their price target on Gibson Energy from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Jefferies Financial Group set a C$25.00 price target on Gibson Energy and gave the stock a “buy” rating in a research note on Tuesday, February 27th. CIBC lifted their price target on Gibson Energy from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Monday, January 8th. Scotiabank lifted their price target on Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Stifel Nicolaus lowered their price objective on Gibson Energy from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.63.

Gibson Energy Stock Performance

Shares of TSE:GEI opened at C$22.16 on Thursday. The company has a debt-to-equity ratio of 303.96, a current ratio of 1.12 and a quick ratio of 0.87. The business’s 50 day moving average price is C$22.74 and its 200-day moving average price is C$21.44. The firm has a market capitalization of C$3.58 billion, a PE ratio of 15.72, a P/E/G ratio of 1.85 and a beta of 1.29. Gibson Energy has a 1 year low of C$18.45 and a 1 year high of C$23.40.

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

Gibson Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 7.40%. The ex-dividend date of this dividend is Thursday, June 27th. Gibson Energy’s dividend payout ratio (DPR) is presently 116.31%.

Insider Activity

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

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.