Gibson Energy (GEI) to Release Earnings on Monday

Gibson Energy (TSE:GEI) will issue its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of C$0.40 per share for the quarter.

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

Gibson Energy Trading Down 0.3 %

TSE:GEI opened at C$22.65 on Friday. The company has a market cap of C$3.66 billion, a P/E ratio of 16.06, a P/E/G ratio of 1.85 and a beta of 1.29. The stock’s fifty day moving average price is C$22.63 and its two-hundred day moving average price is C$21.36. Gibson Energy has a 1 year low of C$18.45 and a 1 year high of C$23.40. The company has a debt-to-equity ratio of 303.96, a current ratio of 1.12 and a quick ratio of 0.87.

Gibson Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Thursday, March 28th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.24%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Gibson Energy’s previous quarterly dividend of $0.39. Gibson Energy’s dividend payout ratio (DPR) is 116.31%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GEI. National Bankshares lifted their price objective on Gibson Energy from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. CIBC lifted their price objective on Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Monday, January 8th. Jefferies Financial Group set a C$25.00 price objective on Gibson Energy and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. lifted their price objective on Gibson Energy from C$25.00 to C$26.00 in a research note on Monday, April 15th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.46.

Insiders Place Their Bets

In other news, Director Khalid Muslih purchased 7,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was purchased at an average price of C$16.63 per share, with a total value of C$116,410.00. In other 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. Also, Director Khalid Muslih acquired 7,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was bought at an average price 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.

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.