FY2024 EPS Estimates for Gibson Energy Inc. (TSE:GEI) Boosted by Analyst

Gibson Energy Inc. (TSE:GEI) – Investment analysts at Atb Cap Markets boosted their FY2024 earnings estimates for shares of Gibson Energy in a report released 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 previous forecast of $1.63. The consensus estimate for Gibson Energy’s current full-year earnings is $1.59 per share.

Other equities analysts have also recently issued reports about the stock. National Bankshares boosted their target price on shares of Gibson Energy from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Jefferies Financial Group set a C$25.00 price objective on shares of Gibson Energy and gave the company a “buy” rating in a research note on Tuesday, February 27th. CIBC boosted their target price on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Gibson Energy from C$25.00 to C$26.00 in a research report on Monday, April 15th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Gibson Energy has an average rating of “Moderate Buy” and an average target price of C$25.46.

Gibson Energy Price Performance

Shares of TSE:GEI opened at C$22.65 on Thursday. The firm has a 50 day moving average of C$22.63 and a 200-day moving average of C$21.36. The stock has a market capitalization of C$3.66 billion, a PE ratio of 16.06, a PEG ratio of 1.85 and a beta of 1.29. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 303.96. Gibson Energy has a 12 month low of C$18.45 and a 12 month high of C$23.40.

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 the consensus estimate of C$0.40 by C($0.08). Gibson Energy had a return on equity of 28.84% and a net margin of 1.95%. The business had revenue of C$2.81 billion during the quarter, compared to analyst estimates of C$3.33 billion.

Gibson Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Thursday, March 28th were issued a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.64 annualized dividend and a dividend yield of 7.24%. This is an increase from Gibson Energy’s previous quarterly dividend of $0.39. Gibson Energy’s dividend payout ratio is currently 116.31%.

Insider Activity at Gibson Energy

In related news, Director Steven R. Spaulding sold 55,823 shares of the stock in a transaction dated 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. In other news, Director Khalid Muslih acquired 7,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was bought at an average cost of C$16.63 per share, for a total transaction of C$116,410.00. Also, Director Steven R. Spaulding sold 55,823 shares of the firm’s stock in a transaction that occurred 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. 0.81% of the stock is owned by company 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.