FY2024 Earnings Forecast for Gibson Energy Inc. Issued By National Bank Financial (TSE:GEI)

Gibson Energy Inc. (TSE:GEI) – National Bank Financial cut their FY2024 earnings per share (EPS) estimates for Gibson Energy in a report issued on Tuesday, April 30th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $1.43 for the year, down from their prior estimate of $1.56. The consensus estimate for Gibson Energy’s current full-year earnings is $1.59 per share.

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

A number of other brokerages also recently commented on GEI. National Bankshares lifted their price objective on 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. JPMorgan Chase & Co. raised their price objective on Gibson Energy from C$25.00 to C$26.00 in a research report on Monday, April 15th. Jefferies Financial Group set a C$25.00 price objective on shares of Gibson Energy and gave the company a “buy” rating in a report on Tuesday, February 27th. BMO Capital Markets lifted their price target on shares of Gibson Energy from C$22.50 to C$25.00 and gave the company a “market perform” rating in a research report on Tuesday. Finally, CIBC upped 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 report on Monday, January 8th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$25.63.

Gibson Energy Stock Performance

Shares of Gibson Energy stock opened at C$22.15 on Thursday. Gibson Energy has a one year low of C$18.45 and a one year high of C$23.40. The company has a market cap of C$3.58 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 1.85 and a beta of 1.29. The company has a debt-to-equity ratio of 303.96, a quick ratio of 0.87 and a current ratio of 1.12. The business’s 50 day moving average price is C$22.75 and its 200 day moving average price is C$21.45.

Gibson Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.40%. The ex-dividend date of this dividend is Thursday, June 27th. Gibson Energy’s dividend payout ratio is currently 116.31%.

Insider Activity

In related news, Director Khalid Muslih purchased 7,000 shares of Gibson Energy stock in a transaction on Tuesday, March 5th. The shares were bought at an average price of C$16.63 per share, with a total value of C$116,410.00. In other news, Director Khalid Muslih bought 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average cost of C$16.63 per share, for a total transaction of C$116,410.00. Also, Senior Officer Sean Brown sold 35,000 shares of the company’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 transaction of C$698,950.00. 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.