Gibson Energy FY2024 EPS Estimate Reduced by Atb Cap Markets

Gibson Energy Inc. (TSE:GEI) – Investment analysts at Atb Cap Markets reduced their FY2024 earnings per share estimates for Gibson Energy in a report released on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $1.29 per share for the year, down from their prior estimate of $1.30. Atb Cap Markets also issued estimates for Gibson Energy’s Q4 2024 earnings at $0.33 EPS.

A number of other analysts have also issued reports on GEI. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$25.50 to C$28.00 in a research note on Thursday, December 5th. Raymond James boosted their target price on shares of Gibson Energy from C$28.50 to C$30.00 in a research report on Thursday, December 5th. Jefferies Financial Group lowered shares of Gibson Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 30th. Scotiabank lifted their price target on Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday, December 5th. Finally, TD Securities set a C$25.00 price objective on Gibson Energy and gave the company a “hold” rating in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Gibson Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$26.90.

Gibson Energy Price Performance

GEI stock opened at C$24.30 on Monday. The stock’s 50 day moving average is C$24.87 and its two-hundred day moving average is C$23.40. Gibson Energy has a 52-week low of C$20.42 and a 52-week high of C$26.10. The company has a market capitalization of C$3.96 billion, a PE ratio of 22.92, a P/E/G ratio of 1.85 and a beta of 1.25. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01.

Insider Buying and Selling at Gibson Energy

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