Gibson Energy FY2024 EPS Forecast Lowered by Atb Cap Markets

Gibson Energy Inc. (TSE:GEI - Free Report) - Equities researchers at Atb Cap Markets dropped their FY2024 earnings per share estimates for shares of Gibson Energy in a research report issued to clients and investors on Wednesday, October 30th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $1.30 per share for the year, down from their prior estimate of $1.33. Atb Cap Markets also issued estimates for Gibson Energy's Q4 2024 earnings at $0.33 EPS, Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.41 EPS and FY2025 earnings at $1.64 EPS.

Gibson Energy (TSE:GEI - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The company reported C$0.38 EPS for the quarter, beating analysts' consensus estimates of C$0.36 by C$0.02. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%. The business had revenue of C$3.23 billion during the quarter.

A number of other research firms have also weighed in on GEI. Royal Bank of Canada raised their price target on shares of Gibson Energy from C$27.00 to C$28.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. BMO Capital Markets boosted their target price on Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th. JPMorgan Chase & Co. decreased their price target on Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. National Bankshares boosted their price objective on Gibson Energy from C$25.00 to C$26.00 and gave the stock an "outperform" rating in a research report on Friday, August 23rd. Finally, Raymond James set a C$28.50 price target on shares of Gibson Energy and gave the stock a "strong-buy" rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$26.00.

Gibson Energy Stock Down 0.6 %

GEI traded down C$0.15 during mid-day trading on Friday, reaching C$22.95. 615,227 shares of the stock were exchanged, compared to its average volume of 578,266. Gibson Energy has a 1 year low of C$19.42 and a 1 year high of C$24.33. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. The stock has a market capitalization of C$3.74 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The company has a 50 day moving average price of C$22.63 and a two-hundred day moving average price of C$22.60.

Insider Buying and Selling at Gibson Energy

In other Gibson Energy news, Director Margaret Cahill Montana bought 3,400 shares of Gibson Energy stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average cost of C$21.52 per share, for a total transaction of C$73,168.00. In related news, Director Curtis Philippon purchased 23,000 shares of the firm's stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average price of C$22.03 per share, with a total value of C$506,690.00. Also, Director Margaret Cahill Montana acquired 3,400 shares of the company's stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost of C$21.52 per share, with a total value of C$73,168.00. Insiders own 0.85% of the company's stock.

Gibson Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 7.15%. The ex-dividend date is Tuesday, December 31st. Gibson Energy's dividend payout ratio is presently 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.