Analysts Offer Predictions for Gibson Energy Inc.’s FY2024 Earnings (TSE:GEI)

Gibson Energy Inc. (TSE:GEIFree Report) – Research analysts at Atb Cap Markets reduced their FY2024 earnings estimates for Gibson Energy in a report issued on Tuesday, April 30th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $1.49 per share for the year, down from their previous forecast of $1.65. The consensus estimate for Gibson Energy’s current full-year earnings is $1.59 per share.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus reduced their price target on Gibson Energy from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Wednesday. BMO Capital Markets lifted their target price on Gibson Energy from C$22.50 to C$25.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of Gibson Energy from C$25.00 to C$26.00 in a research note on Monday, April 15th. Scotiabank raised their price target on shares of Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, CIBC boosted their price objective 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. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$25.63.

Check Out Our Latest Analysis on Gibson Energy

Gibson Energy Stock Performance

Gibson Energy stock opened at C$22.15 on Friday. Gibson Energy has a 1-year low of C$18.45 and a 1-year high of C$23.40. The company’s 50-day moving average is C$22.75 and its 200 day moving average is C$21.46. The firm has a market capitalization of C$3.58 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. 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 (TSE:GEIGet Free Report) last released its earnings results on Tuesday, February 20th. The company reported C$0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.40 by C($0.08). The firm had revenue of C$2.81 billion during the quarter, compared to the consensus estimate of C$3.33 billion. Gibson Energy had a return on equity of 28.84% and a net margin of 1.95%.

Insider Activity

In related news, Senior Officer Sean Brown sold 35,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$19.97, for a total transaction of C$698,950.00. In related news, Senior Officer Sean Brown sold 35,000 shares of the 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 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. Company insiders own 0.81% of the company’s stock.

Gibson Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th will be given a dividend of $0.41 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.64 annualized dividend and a yield of 7.40%. Gibson Energy’s dividend payout ratio (DPR) is presently 116.31%.

About Gibson Energy

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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.

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Earnings History and Estimates for Gibson Energy (TSE:GEI)

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