FY2024 EPS Estimates for Gibson Energy Lowered by Analyst

Gibson Energy Inc. (OTCMKTS:GBNXF) – Investment analysts at Scotiabank reduced their FY2024 earnings per share (EPS) estimates for Gibson Energy in a research note issued on Wednesday, January 8th. Scotiabank analyst R. Hope now anticipates that the company will post earnings of $0.98 per share for the year, down from their prior forecast of $1.10. The consensus estimate for Gibson Energy’s current full-year earnings is $0.95 per share. Scotiabank also issued estimates for Gibson Energy’s FY2025 earnings at $1.14 EPS and FY2026 earnings at $1.28 EPS.

Several other brokerages have also recently commented on GBNXF. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Raymond James upgraded shares of Gibson Energy to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Gibson Energy Stock Up 0.7 %

OTCMKTS:GBNXF opened at $17.74 on Friday. 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 has a 1 year low of $13.13 and a 1 year high of $18.92. The stock has a 50-day moving average price of $16.97 and a two-hundred day moving average price of $16.61. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 18.67 and a beta of 0.91.

Gibson Energy (OTCMKTS:GBNXF) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $2.13 billion during the quarter. Gibson Energy had a return on equity of 22.45% and a net margin of 1.72%.

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.