FY2024 EPS Estimates for Gibson Energy Increased by Analyst

Gibson Energy Inc. (TSE:GEI - Free Report) - National Bank Financial increased their FY2024 earnings per share (EPS) estimates for Gibson Energy in a note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $1.30 for the year, up from their previous forecast of $1.29. National Bank Financial also issued estimates for Gibson Energy's FY2025 earnings at $1.78 EPS.

A number of other equities analysts have also commented on the stock. Royal Bank of Canada upped their price objective on shares of Gibson Energy from C$27.00 to C$28.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. BMO Capital Markets raised Gibson Energy from a "market perform" rating to an "outperform" rating and raised their price target for the company from C$25.50 to C$28.00 in a report on Thursday, December 5th. Wells Fargo & Company downgraded shares of Gibson Energy from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, December 18th. Raymond James boosted their target price on shares of Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday, December 5th. Finally, CIBC increased their price objective on Gibson Energy from C$27.00 to C$29.00 in a research report on Thursday, December 5th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Gibson Energy currently has an average rating of "Buy" and an average target price of C$27.11.

Gibson Energy Price Performance

Shares of GEI traded up C$0.02 during trading hours on Wednesday, hitting C$25.32. The stock had a trading volume of 272,577 shares, compared to its average volume of 587,238. The stock has a market capitalization of C$4.12 billion, a price-to-earnings ratio of 23.89, 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 current ratio of 1.18 and a quick ratio of 0.87. The company's fifty day moving average is C$23.91 and its two-hundred day moving average is C$23.01. Gibson Energy has a 52 week low of C$20.33 and a 52 week high of C$26.10.

Insider Buying and Selling at Gibson Energy

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

Gibson Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors 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 yield of 6.48%. The ex-dividend date of this dividend is Tuesday, December 31st. Gibson Energy's payout ratio is currently 154.72%.

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.