Gibson Energy Q3 EPS Estimate Decreased by Atb Cap Markets

Gibson Energy Inc. (TSE:GEI) – 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) 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.

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

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.