FY2024 EPS Forecast for Gibson Energy Decreased by Analyst

Gibson Energy Inc. (OTCMKTS:GBNXF) – National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for Gibson Energy in a note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $0.91 for the year, down from their prior forecast of $0.93. The consensus estimate for Gibson Energy’s current full-year earnings is $0.95 per share. National Bank Financial also issued estimates for Gibson Energy’s FY2026 earnings at $1.32 EPS, FY2027 earnings at $1.37 EPS and FY2028 earnings at $1.43 EPS.

GBNXF has been the topic of several other research reports. Wells Fargo & Company downgraded shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Raymond James raised shares of Gibson Energy to a “strong-buy” rating in a report on Thursday, October 10th. Finally, BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 5th.

Gibson Energy Price Performance

GBNXF opened at $17.62 on Wednesday. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 18.55 and a beta of 0.91. The business’s fifty day simple moving average is $16.92 and its 200-day simple moving average is $16.61. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 2.86. Gibson Energy has a 12-month low of $13.13 and a 12-month high of $18.92.

Gibson Energy (OTCMKTS:GBNXF) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. The company had revenue of $2.13 billion for the quarter. Gibson Energy had a net margin of 1.72% and a return on equity of 22.45%.

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.