Gibson Energy FY2024 EPS Lowered by National Bank Financial

Gibson Energy Inc. (OTCMKTS:GBNXF - Free Report) - National Bank Financial decreased their FY2024 earnings estimates for shares of Gibson Energy in a research note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $0.91 per share for the year, down from their prior forecast of $0.93. The consensus estimate for Gibson Energy's current full-year earnings is $0.95 per share. National Bank Financial also issued estimates for Gibson Energy's FY2026 earnings at $1.32 EPS, FY2027 earnings at $1.37 EPS and FY2028 earnings at $1.43 EPS.

A number of other research analysts also recently commented on GBNXF. Wells Fargo & Company downgraded shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Raymond James raised shares of Gibson Energy to a "strong-buy" rating in a research report on Thursday, October 10th. Finally, BMO Capital Markets raised shares of Gibson Energy from a "market perform" rating to an "outperform" rating in a research report on Thursday, December 5th.

Gibson Energy Trading Up 0.5 %

Shares of OTCMKTS GBNXF traded up $0.10 during mid-day trading on Wednesday, reaching $17.62. The company had a trading volume of 43,215 shares, compared to its average volume of 11,479. Gibson Energy has a 52 week low of $13.13 and a 52 week high of $18.92. The business's 50-day moving average is $16.90 and its 200-day moving average is $16.60. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 18.55 and a beta of 0.91. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 2.86.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. Gibson Energy had a return on equity of 22.45% and a net margin of 1.72%. The business had revenue of $2.13 billion during the quarter.

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.