FY2024 EPS Estimates for Gibson Energy Increased by Analyst

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

GEI has been the subject of several other reports. Scotiabank lifted their price objective on Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. Raymond James boosted their price objective on shares of Gibson Energy from C$28.50 to C$30.00 in a report on Thursday, December 5th. BMO Capital Markets upgraded Gibson Energy from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$25.50 to C$28.00 in a research note on Thursday, December 5th. Wells Fargo & Company downgraded Gibson Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 18th. Finally, Jefferies Financial Group boosted their price target on Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday, December 5th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Gibson Energy has a consensus rating of “Buy” and an average target price of C$27.11.

Gibson Energy Stock Up 0.1 %

GEI stock opened at C$25.32 on Wednesday. The stock has a market capitalization of C$4.12 billion, a P/E ratio of 23.89, a P/E/G 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. Gibson Energy has a 1-year low of C$20.33 and a 1-year high of C$26.10. The business has a fifty day moving average price of C$23.95 and a 200-day moving average price of C$23.03.

Gibson Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a $0.41 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.64 annualized dividend and a yield of 6.48%. Gibson Energy’s payout ratio is 154.72%.

Insider Buying and Selling at Gibson Energy

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

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.