Raymond James Increases Earnings Estimates for Gibson Energy

Gibson Energy Inc. (TSE:GEI) – Raymond James upped their FY2025 earnings per share (EPS) estimates for shares of Gibson Energy in a research report issued to clients and investors on Thursday, December 5th. Raymond James analyst M. Barth now anticipates that the company will post earnings of $1.57 per share for the year, up from their previous forecast of $1.51.

GEI has been the topic of several other reports. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$25.50 to C$28.00 in a research note on Thursday, December 5th. Jefferies Financial Group lifted their price objective on Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday, December 5th. Scotiabank raised their target price on Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. Royal Bank of Canada raised their target price on Gibson Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, National Bankshares raised their target price on Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$26.70.

Gibson Energy Stock Performance

TSE GEI opened at C$24.64 on Monday. The firm has a market capitalization of C$4.01 billion, a P/E ratio of 23.25, a P/E/G ratio of 1.85 and a beta of 1.25. Gibson Energy has a 1-year low of C$19.42 and a 1-year high of C$26.10. The company has a debt-to-equity ratio of 292.01, a current ratio of 1.18 and a quick ratio of 0.87. The business’s 50-day simple moving average is C$23.36 and its 200-day simple moving average is C$22.76.

Insiders Place Their Bets

In other news, Director Curtis Philippon purchased 40,000 shares of the stock in a transaction dated Monday, December 9th. The stock was acquired at an average cost of C$25.46 per share, for a total transaction of C$1,018,400.00. 0.85% of the stock is owned by company insiders.

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 issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.64 annualized dividend and a yield of 6.66%. Gibson Energy’s dividend payout ratio is presently 154.72%.

About Gibson Energy

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.