Gibson Energy (GEI) Set to Announce Earnings on Tuesday

Gibson Energy (TSE:GEI - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of C$0.33 per share for the quarter.

Gibson Energy (TSE:GEI - Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The company reported C$0.38 earnings per share for the quarter, topping 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 company had revenue of C$3.23 billion during the quarter.

Gibson Energy Stock Performance

Gibson Energy stock traded down C$0.04 during mid-day trading on Tuesday, reaching C$23.99. 478,248 shares of the company were exchanged, compared to its average volume of 574,514. Gibson Energy has a twelve month low of C$19.33 and a twelve month high of C$24.33. The firm's 50-day simple moving average is C$22.30 and its two-hundred day simple moving average is C$22.57. 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 firm has a market cap of C$3.90 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Gibson Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were given a dividend of $0.41 per share. The ex-dividend date was Friday, September 27th. This represents a $1.64 dividend on an annualized basis and a yield of 6.84%. Gibson Energy's payout ratio is 154.72%.

Analyst Ratings Changes

A number of analysts have weighed in on GEI shares. National Bankshares increased 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. Royal Bank of Canada raised their price target on Gibson Energy from C$27.00 to C$28.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. BMO Capital Markets raised their price target on Gibson Energy from C$25.00 to C$25.50 in a report on Thursday, September 5th. Raymond James set a C$28.50 price target on Gibson Energy and gave the company a "strong-buy" rating in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. reduced their price target on Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. 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.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$26.00.

Insiders Place Their Bets

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

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.