Gibson Energy Inc. (TSE:GEI - Free Report) - Analysts at Atb Cap Markets reduced their Q3 2024 earnings per share estimates for shares of Gibson Energy in a report released on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $0.34 per share for the quarter, down from their previous estimate of $0.37. Atb Cap Markets also issued estimates for Gibson Energy's FY2024 earnings at $1.33 EPS.
Gibson Energy (TSE:GEI - Get Free Report) last released its earnings results on Monday, July 29th. The company reported C$0.38 earnings per share for the quarter, beating the consensus estimate of C$0.36 by C$0.02. Gibson Energy had a net margin of 1.42% and a return on equity of 23.48%. The firm had revenue of C$3.23 billion during the quarter.
Other equities analysts also recently issued reports about the company. National Bankshares lifted their target price on Gibson Energy from C$25.00 to C$26.00 and gave the company an "outperform" rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. cut their price target on Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. Royal Bank of Canada upped their price objective on 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 their target price on Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th. Finally, Raymond James set a C$28.50 price target on shares of Gibson Energy and gave the company a "strong-buy" rating in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of C$26.00.
Get Our Latest Analysis on GEI
Gibson Energy Stock Performance
Shares of TSE:GEI traded up C$0.14 during trading on Thursday, reaching C$23.66. 771,176 shares of the company's stock traded hands, compared to its average volume of 575,429. The stock has a market capitalization of C$3.85 billion, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. Gibson Energy has a 12 month low of C$19.33 and a 12 month high of C$24.33. The company has a 50 day moving average of C$22.44 and a 200-day moving average of C$22.59. 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 6.93%. The ex-dividend date was Friday, September 27th. Gibson Energy's payout ratio is currently 154.72%.
Insider Activity at Gibson Energy
In related news, Director Margaret Cahill Montana purchased 3,400 shares of the company's stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of C$21.52 per share, for a total transaction of C$73,168.00. In other news, Director Margaret Cahill Montana purchased 3,400 shares of the stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost of C$21.52 per share, for a total transaction of C$73,168.00. Also, Director Curtis Philippon acquired 23,000 shares of the company's stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. 0.85% of the stock is currently owned by insiders.
About Gibson Energy
(
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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.
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