FY2024 EPS Estimates for Gibson Energy Decreased by Analyst

Gibson Energy Inc. (TSE:GEI) – Equities researchers at Scotiabank lowered their FY2024 earnings estimates for shares of Gibson Energy in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst R. Hope now anticipates that the company will post earnings per share of $1.41 for the year, down from their previous forecast of $1.49. Scotiabank also issued estimates for Gibson Energy’s FY2025 earnings at $1.64 EPS and FY2026 earnings at $1.84 EPS.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets upgraded Gibson Energy from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$25.50 to C$28.00 in a research note on Thursday, December 5th. Raymond James boosted their price target on shares of Gibson Energy from C$28.50 to C$30.00 in a research report on Thursday, December 5th. Royal Bank of Canada raised 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 report on Thursday, October 3rd. Wells Fargo & Company downgraded Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. Finally, CIBC lifted their price target on Gibson Energy from C$27.00 to C$29.00 in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Gibson Energy has an average rating of “Buy” and a consensus price target of C$27.11.

Gibson Energy Stock Performance

Shares of GEI opened at C$25.42 on Friday. Gibson Energy has a 1 year low of C$20.33 and a 1 year high of C$26.10. 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 stock’s fifty day moving average price is C$23.99 and its two-hundred day moving average price is C$23.04. The firm has a market cap of C$4.14 billion, a PE ratio of 23.98, a PEG ratio of 1.85 and a beta of 1.25.

Gibson Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.64 annualized dividend and a yield of 6.45%. Gibson Energy’s payout ratio is presently 154.72%.

Insiders Place Their Bets

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

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.