Gibson Energy (GEI) Scheduled to Post Quarterly Earnings on Tuesday

Gibson Energy (TSE:GEI) will be posting its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Gibson Energy to post earnings of C$0.33 per share for the quarter.

Gibson Energy (TSE:GEI) last announced its quarterly earnings results on Monday, July 29th. The company reported C$0.38 EPS for the quarter, topping the consensus estimate of C$0.36 by C$0.02. Gibson Energy had a net margin of 1.42% and a return on equity of 23.48%. The firm had revenue of C$3.23 billion for the quarter.

Gibson Energy Stock Performance

TSE GEI opened at C$23.65 on Friday. The company has a fifty day moving average of C$22.48 and a two-hundred day moving average of C$22.59. The company has a market capitalization of C$3.85 billion, a PE ratio of 22.31, a P/E/G ratio of 1.85 and a beta of 1.25. Gibson Energy has a 1 year low of C$19.33 and a 1 year high of C$24.33. The company has a debt-to-equity ratio of 292.01, a current ratio of 1.18 and a quick ratio of 0.87.

Gibson Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders 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 dividend yield of 6.93%. Gibson Energy’s dividend payout ratio (DPR) is presently 154.72%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GEI. JPMorgan Chase & Co. reduced their price target on shares of Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. Raymond James set a C$28.50 price objective on shares of Gibson Energy and gave the company a “strong-buy” rating in a research report on Friday, October 11th. National Bankshares upped their price objective on shares of 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 target price on shares of Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets increased their price target on shares of Gibson Energy from C$25.00 to C$25.50 in a report on Thursday, September 5th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$26.00.

Insiders Place Their Bets

In other news, Director Margaret Cahill Montana acquired 3,400 shares of Gibson Energy stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of C$21.52 per share, with a total value of C$73,168.00. In related news, Director Curtis Philippon acquired 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. Also, Director Margaret Cahill Montana bought 3,400 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of C$21.52 per share, with a total value of C$73,168.00. 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.