Brokers Offer Predictions for Gibson Energy FY2024 Earnings

Gibson Energy Inc. (TSE:GEI - Free Report) - Equities research analysts at Scotiabank decreased their FY2024 earnings estimates for Gibson Energy in a research note 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 previous 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.

Several other equities analysts also recently commented on GEI. Jefferies Financial Group upped their target price on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. BMO Capital Markets upgraded Gibson Energy from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from C$25.50 to C$28.00 in a research 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. CIBC upped their price target on shares of Gibson Energy from C$27.00 to C$29.00 in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Gibson Energy from C$27.00 to C$26.00 in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$27.11.

Gibson Energy Stock Performance

GEI traded down C$0.19 on Friday, reaching C$25.42. The company had a trading volume of 809,758 shares, compared to its average volume of 574,841. The stock has a market cap of C$4.14 billion, a P/E ratio of 23.98, a P/E/G ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. 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 fifty day moving average is C$23.99 and its 200 day moving average is C$23.04.

Insider Transactions at Gibson Energy

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

Gibson Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date of this dividend is Tuesday, December 31st. Gibson Energy's dividend payout ratio (DPR) is presently 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.