Gibson Energy (GEI) Set to Announce Quarterly Earnings on Tuesday

Gibson Energy (TSE:GEI) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Gibson Energy to post earnings of C$0.33 per share for the quarter.

Gibson Energy (TSE:GEI) last posted 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 during the quarter.

Gibson Energy Price Performance

Shares of TSE:GEI opened at C$24.03 on Tuesday. The company has a market cap of C$3.91 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The company’s fifty day moving average is C$22.24 and its two-hundred day moving average is C$22.56. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. Gibson Energy has a 12-month low of C$19.33 and a 12-month high of C$24.33.

Gibson Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 6.82%. The ex-dividend date of this dividend was Friday, September 27th. Gibson Energy’s payout ratio is 154.72%.

Insider Transactions at Gibson Energy

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GEI. Royal Bank of Canada upped their target price on Gibson Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. cut their target price on shares of Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. BMO Capital Markets upped their price target on shares of Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th. Raymond James set a C$28.50 price objective on Gibson Energy and gave the company a “strong-buy” rating in a research report on Friday, October 11th. Finally, National Bankshares raised their price target on Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Gibson Energy presently has an average rating of “Buy” and a consensus target price of C$26.00.

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.