Atb Cap Markets Predicts Lower Earnings for Gibson Energy

Gibson Energy Inc. (OTCMKTS:GBNXF) – Atb Cap Markets cut their Q3 2024 earnings per share (EPS) estimates for shares of Gibson Energy in a report issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings per share of $0.24 for the quarter, down from their previous estimate of $0.27. The consensus estimate for Gibson Energy’s current full-year earnings is $1.00 per share. Atb Cap Markets also issued estimates for Gibson Energy’s FY2024 earnings at $0.96 EPS.

Separately, Raymond James upgraded Gibson Energy to a “strong-buy” rating in a research note on Thursday, October 10th.

Gibson Energy Stock Performance

Shares of GBNXF opened at $16.98 on Thursday. The business’s fifty day simple moving average is $16.50 and its two-hundred day simple moving average is $16.47. 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 12 month low of $13.13 and a 12 month high of $17.75. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 21.77 and a beta of 0.94.

Gibson Energy (OTCMKTS:GBNXF) last issued its earnings results on Monday, July 29th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.26 by $0.02. Gibson Energy had a return on equity of 20.52% and a net margin of 1.41%. The business had revenue of $2.36 billion for the quarter.

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.