Gibson Energy Inc. (TSE:GEI – Free Report) – Atb Cap Markets cut their Q3 2024 earnings estimates for shares of Gibson Energy in a research report issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now expects that the company will earn $0.34 per share for the quarter, down from their prior forecast of $0.37. Atb Cap Markets also issued estimates for Gibson Energy’s FY2024 earnings at $1.33 EPS.
Gibson Energy (TSE:GEI – Get Free Report) last posted its earnings results on Monday, July 29th. The company reported C$0.38 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.36 by C$0.02. Gibson Energy had a net margin of 1.42% and a return on equity of 23.48%. The firm had revenue of C$3.23 billion for the quarter.
Check Out Our Latest Stock Analysis on Gibson Energy
Gibson Energy Trading Down 0.0 %
TSE:GEI opened at C$23.65 on Thursday. The firm’s fifty day moving average is C$22.48 and its 200-day moving average is C$22.59. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. Gibson Energy has a 52 week low of C$19.33 and a 52 week high of C$24.33. The firm has a market cap of C$3.85 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.85 and a beta of 1.25.
Insider Activity at Gibson Energy
In other news, Director Curtis Philippon acquired 23,000 shares of Gibson Energy stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average price of C$22.03 per share, with a total value of C$506,690.00. In other Gibson Energy news, Director Margaret Cahill Montana acquired 3,400 shares of the stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average cost of C$21.52 per share, for a total transaction of C$73,168.00. Also, Director Curtis Philippon acquired 23,000 shares of the stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average price of C$22.03 per share, with a total value of C$506,690.00. 0.85% of the stock is owned by corporate insiders.
Gibson Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, September 27th. This represents a $1.64 annualized dividend and a yield of 6.93%. Gibson Energy’s dividend payout ratio is currently 154.72%.
Gibson Energy Company Profile
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.
Recommended Stories
- Five stocks we like better than Gibson Energy
- What is the S&P/TSX Index?
- Texas Roadhouse Stock Steering for New Highs This Year
- Compound Interest and Why It Matters When Investing
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- ETF Screener: Uses and Step-by-Step Guide
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for Gibson Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibson Energy and related companies with MarketBeat.com's FREE daily email newsletter.