Atb Cap Markets Expects Weaker Earnings for Gibson Energy

Gibson Energy Inc. (TSE:GEI) – Stock analysts at Atb Cap Markets cut their Q3 2024 earnings estimates for Gibson Energy in a research note issued to investors on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $0.34 per share for the quarter, down from their prior estimate of $0.37. Atb Cap Markets also issued estimates for Gibson Energy’s FY2024 earnings at $1.33 EPS.

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

Gibson Energy Stock Up 0.6 %

Shares of TSE GEI opened at C$23.66 on Thursday. Gibson Energy has a 12-month low of C$19.33 and a 12-month high of C$24.33. The company has a market capitalization of C$3.85 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 292.01, a current ratio of 1.18 and a quick ratio of 0.87. The firm’s 50-day moving average is C$22.44 and its two-hundred day moving average is C$22.59.

Gibson Energy (TSE:GEI) last released its quarterly earnings data on Monday, July 29th. The company reported C$0.38 EPS for the quarter, topping analysts’ consensus estimates 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.

Insider Buying and Selling

In other Gibson Energy news, Director Curtis Philippon bought 23,000 shares of the stock in a transaction on Wednesday, September 4th. The stock was purchased at an average price of C$22.03 per share, with a total value of C$506,690.00. In other Gibson Energy news, Director Margaret Cahill Montana bought 3,400 shares of the stock in a transaction on Wednesday, August 7th. The stock was purchased at an average price of C$21.52 per share, with a total value of C$73,168.00. Also, Director Curtis Philippon purchased 23,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average cost of C$22.03 per share, with a total value of C$506,690.00. 0.85% of the stock is currently owned by corporate insiders.

Gibson Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date of this dividend was Friday, September 27th. Gibson Energy’s dividend payout ratio (DPR) is currently 154.72%.

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.