FY2024 Earnings Forecast for Gibson Energy Inc. (TSE:GEI) Issued By Atb Cap Markets

Gibson Energy Inc. (TSE:GEI) – Equities researchers at Atb Cap Markets upped their FY2024 earnings estimates for shares of Gibson Energy in a research report issued to clients and investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $1.65 for the year, up from their prior forecast of $1.63. The consensus estimate for Gibson Energy’s current full-year earnings is $1.59 per share.

Gibson Energy (TSE:GEI) last issued its quarterly earnings data on Tuesday, February 20th. The company reported C$0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.40 by C($0.08). The business had revenue of C$2.81 billion during the quarter, compared to the consensus estimate of C$3.33 billion. Gibson Energy had a net margin of 1.95% and a return on equity of 28.84%.

Several other research analysts have also issued reports on GEI. JPMorgan Chase & Co. raised their price target on shares of Gibson Energy from C$25.00 to C$26.00 in a report on Monday, April 15th. National Bankshares raised their price objective on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock 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 stock a “buy” rating in a research report on Tuesday, February 27th. Finally, CIBC raised their price objective on shares of Gibson Energy from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$25.46.

Gibson Energy Stock Down 0.1 %

Gibson Energy stock opened at C$22.75 on Thursday. The company has a debt-to-equity ratio of 303.96, a quick ratio of 0.87 and a current ratio of 1.12. Gibson Energy has a 52-week low of C$18.45 and a 52-week high of C$23.40. The firm has a 50 day moving average price of C$22.54 and a two-hundred day moving average price of C$21.34. The firm has a market cap of C$3.68 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.85 and a beta of 1.29.

Gibson Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 7.21%. This is an increase from Gibson Energy’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, March 27th. Gibson Energy’s payout ratio is currently 116.31%.

Insider Activity

In related news, Senior Officer Sean Brown sold 35,000 shares of Gibson Energy stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$19.97, for a total value of C$698,950.00. In related news, Senior Officer Sean Brown sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$19.97, for a total value of C$698,950.00. Also, Director Khalid Muslih purchased 7,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average cost of C$16.63 per share, for a total transaction of C$116,410.00. Corporate insiders own 0.81% of the company’s stock.

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.