FY2027 EPS Estimates for Gibson Energy Reduced by Analyst

Gibson Energy Inc. (TSE:GEI) – Analysts at Scotiabank reduced their FY2027 earnings per share (EPS) estimates for shares of Gibson Energy in a report released on Wednesday, July 29th. Scotiabank analyst R. Hope now anticipates that the company will post earnings per share of $1.58 for the year, down from their previous forecast of $1.61. Scotiabank currently has a “Sector Perform” rating and a $31.00 price objective on the stock.

Gibson Energy (TSE:GEI) last issued its quarterly earnings results on Monday, July 27th. The company reported C$0.48 earnings per share (EPS) for the quarter. Gibson Energy had a return on equity of 18.23% and a net margin of 1.32%.The firm had revenue of C$4.83 billion during the quarter.

GEI has been the subject of several other reports. ATB Cormark Capital Markets lifted their target price on shares of Gibson Energy from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday. Jefferies Financial Group cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada upped their target price on shares of Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD raised Gibson Energy from a “hold” rating to a “buy” rating and increased their target price for the company from C$29.00 to C$32.00 in a research note on Tuesday, May 26th. Finally, TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$32.00.

Gibson Energy Stock Up 1.2%

GEI stock opened at C$32.48 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 294.95. The company’s 50 day moving average is C$29.74 and its 200 day moving average is C$28.80. The stock has a market cap of C$5.60 billion, a price-to-earnings ratio of 36.49, a price-to-earnings-growth ratio of 1.85 and a beta of 0.11. Gibson Energy has a 1-year low of C$22.09 and a 1-year high of C$32.99.

Gibson Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Monday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is 195.51%.

Key Gibson Energy News

Here are the key news stories impacting Gibson Energy this week:

• Positive Sentiment: ATB Cormark raised its price target from C$32.00 to C$34.00 and upgraded Gibson Energy to “outperform,” implying additional upside. BayStreet.CA analyst ratings
• Positive Sentiment: CIBC lifted its target from C$33.00 to C$34.00, while National Bank Financial increased its target from C$33.00 to C$34.00 and retained an “outperform” rating. BayStreet.CA analyst ratings
• Positive Sentiment: RBC raised its target from C$30.00 to C$33.00 and moved to an “outperform” rating. Raymond James also increased its target from C$35.00 to C$36.00, the most bullish target among the listed analysts. BayStreet.CA analyst ratings
• Positive Sentiment: BMO Capital Markets raised its price target from C$29.00 to C$32.00. Although the target is below the recent share price, the increase contributed to the broader wave of positive analyst revisions. BMO raises Gibson Energy price target

About Gibson Energy

Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.