Raymond James Decreases Earnings Estimates for Gibson Energy

Gibson Energy Inc. (TSE:GEI) – Equities research analysts at Raymond James cut their FY2025 earnings per share (EPS) estimates for shares of Gibson Energy in a report released on Wednesday, February 19th. Raymond James analyst M. Barth now expects that the company will post earnings of $1.39 per share for the year, down from their previous forecast of $1.52. Raymond James currently has a “Strong-Buy” rating and a $29.50 target price on the stock.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group reduced their target price on Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating on the stock in a research note on Thursday. TD Securities cut their price target on Gibson Energy from C$25.00 to C$24.00 and set a “hold” rating for the company in a report on Thursday. CIBC cut their price target on Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating for the company in a report on Thursday. National Bankshares downgraded Gibson Energy from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$29.00 to C$24.00 in a report on Wednesday. Finally, Scotiabank cut their price target on Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Thursday. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$25.86.

Gibson Energy Price Performance

Shares of TSE:GEI opened at C$21.27 on Friday. The business’s 50 day simple moving average is C$24.57 and its 200-day simple moving average is C$23.39. The firm has a market capitalization of C$3.47 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. Gibson Energy has a 12 month low of C$20.83 and a 12 month high of C$26.10.

Insider Activity at Gibson Energy

In other news, Director Curtis Philippon bought 40,000 shares of Gibson Energy stock in a transaction on Monday, December 9th. The shares were bought at an average price of C$25.46 per share, with a total value of C$1,018,400.00. Also, Senior Officer Kelly Holtby bought 2,010 shares of Gibson Energy stock in a transaction on Monday, December 30th. The shares were purchased at an average cost of C$24.85 per share, for a total transaction of C$49,948.50. Over the last 90 days, insiders acquired 75,910 shares of company stock valued at $1,786,139. Insiders own 0.85% of the company’s stock.

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.