FY2024 EPS Estimate for Gibson Energy Decreased by Analyst

Gibson Energy Inc. (TSE:GEI) – Stock analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for Gibson Energy in a research note issued to investors on Wednesday, October 30th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $1.29 per share for the year, down from their prior estimate of $1.41. National Bank Financial also issued estimates for Gibson Energy’s FY2025 earnings at $1.64 EPS.

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

Gibson Energy Price Performance

TSE:GEI opened at C$22.95 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01. The company has a market capitalization of C$3.74 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.85 and a beta of 1.25. Gibson Energy has a 12 month low of C$19.42 and a 12 month high of C$24.33. The business’s 50-day moving average is C$22.63 and its 200 day moving average is C$22.60.

Insider Transactions at Gibson Energy

In related news, Director Curtis Philippon bought 23,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were acquired at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. In other news, Director Margaret Cahill Montana purchased 3,400 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average price of C$21.52 per share, for a total transaction of C$73,168.00. Also, Director Curtis Philippon acquired 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average price of C$22.03 per share, with a total value of C$506,690.00. Company insiders own 0.85% of the company’s stock.

Gibson Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.64 annualized dividend and a dividend yield of 7.15%. Gibson Energy’s dividend payout ratio (DPR) is 154.72%.

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.