Raymond James Reduces Earnings Estimates for Gibson Energy

Gibson Energy Inc. (TSE:GEI) – Raymond James lowered their FY2024 earnings per share estimates for Gibson Energy in a research report issued on Wednesday, October 30th. Raymond James analyst M. Barth now forecasts that the company will post earnings per share of $1.27 for the year, down from their prior estimate of $1.29. Raymond James has a “Strong-Buy” rating on the stock. Raymond James also issued estimates for Gibson Energy’s FY2025 earnings at $1.51 EPS.

A number of other equities research analysts have also recently commented on GEI. 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 lifted 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 lifted their target price on Gibson Energy from C$25.00 to C$25.50 in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. cut their target price on Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$26.00.

Gibson Energy Trading Down 0.6 %

Shares of Gibson Energy stock opened at C$22.95 on Friday. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. Gibson Energy has a 52 week low of C$19.42 and a 52 week high of C$24.33. The stock has a 50 day moving average price of C$22.63 and a two-hundred day moving average price of C$22.60. The stock has a market capitalization of C$3.74 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Gibson Energy Dividend Announcement

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

Insiders Place Their Bets

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

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.