Atb Cap Markets Lowers Earnings Estimates for Gibson Energy

Gibson Energy Inc. (OTCMKTS:GBNXF) – Investment analysts at Atb Cap Markets decreased their FY2024 EPS estimates for Gibson Energy in a research note issued to investors on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn $0.90 per share for the year, down from their prior estimate of $0.94. The consensus estimate for Gibson Energy’s current full-year earnings is $0.92 per share. Atb Cap Markets also issued estimates for Gibson Energy’s Q4 2024 earnings at $0.23 EPS.

A number of other brokerages also recently weighed in on GBNXF. Wells Fargo & Company downgraded Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. TD Securities upgraded Gibson Energy to a “hold” rating in a report on Tuesday, January 14th. Finally, BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 5th.

Gibson Energy Price Performance

OTCMKTS GBNXF opened at $16.90 on Monday. The firm has a market cap of $2.76 billion, a P/E ratio of 17.79 and a beta of 0.91. The stock’s 50-day moving average is $17.35 and its two-hundred day moving average is $16.73. Gibson Energy has a fifty-two week low of $13.13 and a fifty-two week high of $18.92. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.70 and a quick ratio of 0.60.

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.