FY2024 EPS Estimates for Gibson Energy Decreased by Analyst

Gibson Energy Inc. (TSE:GEI) – Stock analysts at Scotiabank lowered their FY2024 earnings per share estimates for Gibson Energy in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $1.41 for the year, down from their previous forecast of $1.49. Scotiabank also issued estimates for Gibson Energy’s FY2025 earnings at $1.64 EPS and FY2026 earnings at $1.84 EPS.

A number of other research analysts also recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Gibson Energy from C$27.00 to C$26.00 in a research note on Wednesday, October 2nd. Wells Fargo & Company downgraded shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. Jefferies Financial Group boosted their price objective on shares of Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday, December 5th. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Finally, Raymond James boosted their price target on Gibson Energy from C$28.50 to C$30.00 in a research report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$27.11.

Gibson Energy Stock Performance

TSE GEI opened at C$25.61 on Friday. The business’s 50-day moving average price is C$23.99 and its 200 day moving average price is C$23.04. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01. Gibson Energy has a twelve month low of C$20.33 and a twelve month high of C$26.10. The company has a market capitalization of C$4.17 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Insiders Place Their Bets

In other news, Senior Officer Kelly Holtby purchased 2,010 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average cost of C$24.85 per share, with a total value of C$49,948.50. Also, Director Curtis Philippon acquired 40,000 shares of the business’s stock in a transaction on Monday, December 9th. The stock was purchased at an average price of C$25.46 per share, for a total transaction of C$1,018,400.00. 0.85% of the stock is currently owned by insiders.

Gibson Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 6.40%. The ex-dividend date is Tuesday, December 31st. Gibson Energy’s dividend payout ratio (DPR) 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.