Analysts Issue Forecasts for Gibson Energy FY2024 Earnings

Gibson Energy Inc. (OTCMKTS:GBNXF) – Research analysts at Scotiabank cut their FY2024 earnings per share estimates for shares of Gibson Energy in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst R. Hope now expects that the company will post earnings of $0.98 per share for the year, down from their previous forecast of $1.10. The consensus estimate for Gibson Energy’s current full-year earnings is $0.95 per share. Scotiabank also issued estimates for Gibson Energy’s FY2025 earnings at $1.14 EPS and FY2026 earnings at $1.28 EPS.

Gibson Energy (OTCMKTS:GBNXF) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Gibson Energy had a return on equity of 22.45% and a net margin of 1.72%. The company had revenue of $2.13 billion for the quarter.

A number of other research analysts also recently issued reports on GBNXF. Wells Fargo & Company downgraded shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, Raymond James raised shares of Gibson Energy to a “strong-buy” rating in a report on Thursday, October 10th.

Gibson Energy Price Performance

Shares of GBNXF stock opened at $17.74 on Friday. Gibson Energy has a 1 year low of $13.13 and a 1 year high of $18.92. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 2.86. The firm’s 50 day moving average is $16.94 and its 200-day moving average is $16.61. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 18.67 and a beta of 0.91.

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.