FY2024 EPS Estimates for Gibson Energy Lowered by Scotiabank

Gibson Energy Inc. (TSE:GEI) – Stock analysts at Scotiabank reduced their FY2024 earnings per share (EPS) estimates for shares of Gibson Energy in a report issued on Wednesday, January 8th. Scotiabank analyst R. Hope now forecasts that the company will earn $1.41 per share for the year, down from their prior forecast of $1.49. Scotiabank also issued estimates for Gibson Energy’s FY2025 earnings at $1.64 EPS and FY2026 earnings at $1.84 EPS.

A number of other equities analysts have also commented on the stock. Jefferies Financial Group lifted their price target on shares of Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. Royal Bank of Canada lifted their target price on Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Wells Fargo & Company cut Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$25.50 to C$28.00 in a research note on Thursday, December 5th. Finally, Raymond James upped their target price on Gibson Energy from C$28.50 to C$30.00 in a report on Thursday, December 5th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Gibson Energy presently has an average rating of “Buy” and a consensus target price of C$27.11.

Gibson Energy Trading Down 0.7 %

GEI opened at C$25.42 on Friday. The company has a debt-to-equity ratio of 292.01, a current ratio of 1.18 and a quick ratio of 0.87. Gibson Energy has a fifty-two week low of C$20.33 and a fifty-two week high of C$26.10. The company’s 50 day moving average price is C$23.99 and its two-hundred day moving average price is C$23.04. The firm has a market capitalization of C$4.14 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 1.85 and a beta of 1.25.

Insider Activity

In other news, Director Curtis Philippon purchased 40,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average cost of C$25.46 per share, with a total value of C$1,018,400.00. Also, Senior Officer Kelly Holtby purchased 2,010 shares of the business’s stock in a transaction on Monday, December 30th. The stock was purchased at an average price of C$24.85 per share, for a total transaction of C$49,948.50. 0.85% of the stock is currently owned by company insiders.

Gibson Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 6.45%. The ex-dividend date is Tuesday, December 31st. Gibson Energy’s dividend payout ratio (DPR) is 154.72%.

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.