FY2024 Earnings Estimate for Gibson Energy Inc. Issued By Atb Cap Markets (TSE:GEI)

Gibson Energy Inc. (TSE:GEI) – Analysts at Atb Cap Markets decreased their FY2024 EPS estimates for Gibson Energy in a research note issued to investors on Tuesday, April 30th. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $1.49 per share for the year, down from their previous forecast of $1.65. The consensus estimate for Gibson Energy’s current full-year earnings is $1.59 per share.

Gibson Energy (TSE:GEI) last released its quarterly earnings results on Tuesday, February 20th. The company reported C$0.32 EPS 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 for the quarter, compared to analyst estimates of C$3.33 billion.

Several other research analysts have also weighed in on GEI. Stifel Nicolaus decreased their price objective on shares of Gibson Energy from C$26.00 to C$25.00 and set a “buy” rating for the company in a report on Wednesday. National Bankshares lifted their target price on Gibson Energy from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. JPMorgan Chase & Co. increased their price target on Gibson Energy from C$25.00 to C$26.00 in a research note on Monday, April 15th. BMO Capital Markets lifted their price objective on shares of Gibson Energy from C$22.50 to C$25.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, Jefferies Financial Group set a C$25.00 price objective on shares of Gibson Energy and gave the stock a “buy” rating in a report on Tuesday, February 27th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Gibson Energy has a consensus rating of “Moderate Buy” and an average price target of C$25.63.

Gibson Energy Trading Down 0.0 %

Shares of GEI opened at C$22.15 on Friday. The company has a market capitalization of C$3.58 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.85 and a beta of 1.29. The company has a debt-to-equity ratio of 303.96, a quick ratio of 0.87 and a current ratio of 1.12. The stock has a 50-day moving average price of C$22.75 and a 200 day moving average price of C$21.45. Gibson Energy has a one year low of C$18.45 and a one year high of C$23.40.

Gibson Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis 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 Buying and Selling

In related news, Senior Officer Sean Brown sold 35,000 shares of the firm’s stock in a transaction that occurred 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. In other news, Director Steven R. Spaulding sold 55,823 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$22.72, for a total transaction of C$1,268,298.56. Also, Senior Officer Sean Brown sold 35,000 shares of Gibson Energy stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$19.97, for a total transaction of C$698,950.00. 0.81% of the stock is currently owned by company insiders.

Gibson Energy Company Profile

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.