Gibson Energy Inc. Expected to Earn FY2024 Earnings of $1.65 Per Share (TSE:GEI)

Gibson Energy Inc. (TSE:GEI) – Atb Cap Markets upped their FY2024 EPS estimates for Gibson Energy in a report issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $1.65 per share for the year, up from their previous forecast of $1.63. The consensus estimate for Gibson Energy’s current full-year earnings is $1.59 per share.

Gibson Energy (TSE:GEI) last issued its quarterly earnings data on Tuesday, February 20th. The company reported C$0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 1.95% and a return on equity of 28.84%.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group set a C$25.00 price target on shares of Gibson Energy and gave the stock a “buy” rating in a research note on Tuesday, February 27th. CIBC upped their target price on shares of 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. National Bankshares upped their target price on shares of 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. Finally, JPMorgan Chase & Co. upped their price target on shares of Gibson Energy from C$25.00 to C$26.00 in a research report 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$25.46.

Gibson Energy Stock Down 0.1 %

TSE:GEI opened at C$22.72 on Thursday. The firm’s 50-day moving average price is C$22.59 and its 200-day moving average price is C$21.35. The company has a market capitalization of C$3.67 billion, a PE ratio of 16.11, a P/E/G ratio of 1.85 and a beta of 1.29. 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 has a 1-year low of C$18.45 and a 1-year high of C$23.40.

Gibson Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Thursday, March 28th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 7.22%. This is an increase from Gibson Energy’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, March 27th. Gibson Energy’s dividend payout ratio (DPR) is 116.31%.

Insider Transactions at Gibson Energy

In other news, Director Steven R. Spaulding sold 55,823 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$22.72, for a total transaction of C$1,268,298.56. In other news, Director Steven R. Spaulding sold 55,823 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$22.72, for a total transaction of C$1,268,298.56. Also, Director Khalid Muslih acquired 7,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were 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.

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.