Atb Cap Markets Predicts Higher Earnings for Gibson Energy

Gibson Energy Inc. (TSE:GEI) – Atb Cap Markets lifted their FY2025 earnings per share estimates for Gibson Energy in a report released on Monday, August 18th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $1.37 per share for the year, up from their previous estimate of $1.36.

A number of other analysts also recently commented on GEI. JPMorgan Chase & Co. increased their price objective on shares of Gibson Energy from C$24.00 to C$25.00 and gave the company an “underweight” rating in a report on Wednesday. Raymond James Financial boosted their price objective on Gibson Energy from C$30.00 to C$30.50 and gave the stock a “strong-buy” rating in a research note on Tuesday, June 17th. Wells Fargo & Company raised their target price on Gibson Energy from C$23.00 to C$24.00 in a research note on Wednesday, July 30th. TD Securities lowered Gibson Energy from a “strong-buy” rating to a “hold” rating and lifted their price target for the stock from C$24.00 to C$25.00 in a report on Tuesday, June 17th. Finally, Jefferies Financial Group raised shares of Gibson Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from C$23.00 to C$28.00 in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$26.50.

Gibson Energy Price Performance

Gibson Energy stock opened at C$25.90 on Wednesday. The company has a fifty day simple moving average of C$24.59 and a 200-day simple moving average of C$23.06. The firm has a market capitalization of C$4.23 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.85 and a beta of 1.25. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. Gibson Energy has a 52-week low of C$19.63 and a 52-week high of C$26.16.

Gibson Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.6%. Gibson Energy’s dividend payout ratio is presently 126.47%.

Insider Activity

In other news, Senior Officer David Bruce Gosse acquired 2,255 shares of Gibson Energy stock in a transaction that occurred on Monday, June 9th. The shares were acquired at an average price of C$23.50 per share, with a total value of C$52,992.50. Insiders own 0.85% of the company’s stock.

Gibson Energy Company Profile

Gibson Energy Inc is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility.