FY2024 Earnings Forecast for Gibson Energy Inc. (TSE:GEI) Issued By Atb Cap Markets

Gibson Energy Inc. (TSE:GEI) – Atb Cap Markets upped their FY2024 earnings per share (EPS) estimates for Gibson Energy in a note issued to investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $1.65 per share for the year, up from their prior forecast of $1.63. The consensus estimate for Gibson Energy’s current full-year earnings is $1.59 per share.

GEI has been the topic of several other reports. JPMorgan Chase & Co. upped their target price on shares of Gibson Energy from C$25.00 to C$26.00 in a research note on Monday, April 15th. Jefferies Financial Group set a C$25.00 price objective on Gibson Energy and gave the stock a “buy” rating in a research report on Tuesday, February 27th. CIBC lifted their target price on Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Monday, January 8th. Finally, National Bankshares boosted their target price on Gibson Energy from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$25.46.

Gibson Energy Stock Down 0.1 %

Shares of TSE:GEI opened at C$22.75 on Thursday. The firm’s 50-day moving average is C$22.54 and its two-hundred day moving average is C$21.34. The company has a debt-to-equity ratio of 303.96, a current ratio of 1.12 and a quick ratio of 0.87. Gibson Energy has a 1 year low of C$18.45 and a 1 year high of C$23.40. The firm has a market capitalization of C$3.68 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29.

Gibson Energy (TSE:GEI) last issued its quarterly earnings data on Tuesday, February 20th. The company reported C$0.32 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.40 by C($0.08). Gibson Energy had a net margin of 1.95% and a return on equity of 28.84%. The firm had revenue of C$2.81 billion during the quarter, compared to analyst estimates of C$3.33 billion.

Insider Activity at Gibson Energy

In other Gibson Energy news, Senior Officer Sean Brown sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$19.97, for a total value of C$698,950.00. In other news, Senior Officer Sean Brown sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$19.97, for a total transaction of C$698,950.00. Also, Director Steven R. Spaulding sold 55,823 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$22.72, for a total transaction of C$1,268,298.56. Insiders own 0.81% of the company’s stock.

Gibson Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Thursday, March 28th were given a $0.41 dividend. The ex-dividend date was Wednesday, March 27th. This is a boost from Gibson Energy’s previous quarterly dividend of $0.39. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.21%. Gibson Energy’s dividend payout ratio is 116.31%.

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.