FY2028 EPS Estimates for Gibson Energy Reduced by Analyst

Gibson Energy Inc. (TSE:GEI) – Analysts at Raymond James Financial dropped their FY2028 earnings per share (EPS) estimates for shares of Gibson Energy in a research note issued to investors on Tuesday, November 4th. Raymond James Financial analyst M. Barth now anticipates that the company will post earnings of $1.85 per share for the year, down from their prior forecast of $2.03. Raymond James Financial also issued estimates for Gibson Energy’s FY2029 earnings at $2.01 EPS.

Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada increased their price objective on shares of Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. TD Securities dropped their price target on shares of Gibson Energy from C$24.00 to C$23.00 and set a “hold” rating on the stock in a research note on Tuesday. Scotiabank cut Gibson Energy from an “outperform” rating to a “hold” rating and cut their price target for the company from C$27.00 to C$25.00 in a report on Monday, October 20th. Jefferies Financial Group upgraded Gibson Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$23.00 to C$28.00 in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company raised their target price on Gibson Energy from C$23.00 to C$24.00 in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$26.05.

Gibson Energy Stock Performance

GEI stock traded up C$0.28 during mid-day trading on Friday, reaching C$23.36. The company had a trading volume of 165,247 shares, compared to its average volume of 692,860. Gibson Energy has a one year low of C$19.63 and a one year high of C$27.37. The stock has a market capitalization of C$3.83 billion, a P/E ratio of 24.08, a P/E/G ratio of 1.85 and a beta of 0.25. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. The stock’s 50-day simple moving average is C$25.21 and its two-hundred day simple moving average is C$24.30.

Insider Transactions at Gibson Energy

In other news, Director Maria Hooper purchased 5,000 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was purchased at an average cost of C$25.72 per share, with a total value of C$128,600.00. Following the purchase, the director owned 5,000 shares in the company, valued at C$128,600. This trade represents a ∞ increase in their position. Insiders own 0.85% of the company’s stock.

About Gibson Energy

Gibson Energy Inc is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility.