Atb Cap Markets Predicts Reduced Earnings for Gibson Energy

Gibson Energy Inc. (TSE:GEI) – Equities researchers at Atb Cap Markets dropped their FY2024 EPS estimates for shares of Gibson Energy in a note issued to investors on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings per share of $1.29 for the year, down from their prior forecast of $1.30. Atb Cap Markets also issued estimates for Gibson Energy’s Q4 2024 earnings at $0.33 EPS.

Several other equities research analysts have also issued reports on the stock. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$25.50 to C$28.00 in a research note on Thursday, December 5th. Raymond James raised their price objective on Gibson Energy from C$28.50 to C$30.00 in a report on Thursday, December 5th. Jefferies Financial Group downgraded Gibson Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 30th. TD Securities set a C$25.00 price target on shares of Gibson Energy and gave the company a “hold” rating in a research note on Wednesday, January 15th. Finally, CIBC upped their price objective on shares of Gibson Energy from C$27.00 to C$29.00 in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Gibson Energy currently has an average rating of “Moderate Buy” and an average price target of C$26.90.

Gibson Energy Stock Performance

Shares of TSE GEI opened at C$24.17 on Monday. Gibson Energy has a 1 year low of C$20.42 and a 1 year high of C$26.10. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. The company’s fifty day moving average price is C$24.86 and its 200 day moving average price is C$23.39. The company has a market capitalization of C$3.93 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Insider Buying and Selling at Gibson Energy

In related news, Director Curtis Philippon purchased 40,000 shares of Gibson Energy stock in a transaction dated Monday, December 9th. The shares were acquired at an average price of C$25.46 per share, for a total transaction of C$1,018,400.00. Also, Senior Officer Kelly Holtby acquired 2,010 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average cost of C$24.85 per share, with a total value of C$49,948.50. 0.85% of the stock is owned by insiders.

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.