Atb Cap Markets Reduces Earnings Estimates for Gibson Energy

Gibson Energy Inc. (TSE:GEI) – Investment analysts at Atb Cap Markets dropped their Q3 2024 earnings per share estimates for shares of Gibson Energy in a research report issued to clients and investors on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.34 for the quarter, down from their previous forecast of $0.37. Atb Cap Markets also issued estimates for Gibson Energy’s FY2024 earnings at $1.33 EPS.

Several other equities research analysts have also weighed in on GEI. Raymond James set a C$28.50 target price on shares of Gibson Energy and gave the stock a “strong-buy” rating in a report on Friday, October 11th. JPMorgan Chase & Co. reduced their target price on Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. BMO Capital Markets raised their price target on Gibson Energy from C$25.00 to C$25.50 in a research report on Thursday, September 5th. Royal Bank of Canada lifted their price target on shares of Gibson Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, National Bankshares 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 research report on Friday, August 23rd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$26.00.

Gibson Energy Stock Down 2.0 %

Gibson Energy stock opened at C$23.52 on Thursday. The firm has a market capitalization of C$3.83 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 1.85 and a beta of 1.25. The company’s 50 day simple moving average is C$22.39 and its 200 day simple moving average is C$22.58. The company has a debt-to-equity ratio of 292.01, a current ratio of 1.18 and a quick ratio of 0.87. Gibson Energy has a fifty-two week low of C$19.33 and a fifty-two week high of C$24.33.

Gibson Energy (TSE:GEI) last issued its earnings results on Monday, July 29th. The company reported C$0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.36 by C$0.02. The firm had revenue of C$3.23 billion for the quarter. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%.

Gibson Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.97%. Gibson Energy’s dividend payout ratio is 154.72%.

Insider Activity

In related news, Director Curtis Philippon purchased 23,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was purchased at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. In related news, Director Curtis Philippon acquired 23,000 shares of Gibson Energy stock in a transaction on Wednesday, September 4th. The stock was purchased at an average cost of C$22.03 per share, with a total value of C$506,690.00. Also, Director Margaret Cahill Montana purchased 3,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of C$21.52 per share, for a total transaction of C$73,168.00. 0.85% of the stock is owned by corporate insiders.

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.