FY2024 EPS Estimates for Gibson Energy Boosted by Analyst

Gibson Energy Inc. (TSE:GEI) – Analysts at National Bank Financial boosted their FY2024 earnings estimates for Gibson Energy in a research report issued to clients and investors on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the company will earn $1.30 per share for the year, up from their previous forecast of $1.29. National Bank Financial also issued estimates for Gibson Energy’s FY2025 earnings at $1.78 EPS.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group upped their target price on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$25.50 to C$28.00 in a research note on Thursday, December 5th. CIBC lifted their target price on shares of Gibson Energy from C$27.00 to C$29.00 in a report on Thursday, December 5th. JPMorgan Chase & Co. decreased their price target on shares of Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. Finally, Scotiabank lifted their price objective on Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday, December 5th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$27.11.

Gibson Energy Stock Performance

Shares of TSE GEI opened at C$25.61 on Wednesday. The business’s 50-day simple moving average is C$23.99 and its 200-day simple moving average is C$23.04. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. Gibson Energy has a 52 week low of C$20.33 and a 52 week high of C$26.10. The firm has a market cap of C$4.17 billion, a price-to-earnings ratio of 24.16, a P/E/G ratio of 1.85 and a beta of 1.25.

Insider Activity at Gibson Energy

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

Gibson Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.64 annualized dividend and a yield of 6.40%. Gibson Energy’s dividend payout ratio is 154.72%.

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.