Gibson Energy Inc. Expected to Post FY2024 Earnings of $1.43 Per Share (TSE:GEI)

Gibson Energy Inc. (TSE:GEI) – Stock analysts at National Bank Financial decreased their FY2024 EPS estimates for shares of Gibson Energy in a research report issued to clients and investors 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 previous forecast 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 results on Tuesday, February 20th. The company reported C$0.32 EPS for the quarter, missing the consensus estimate of C$0.40 by C($0.08). Gibson Energy had a net margin of 1.95% and a return on equity of 28.84%. The firm had revenue of C$2.81 billion during the quarter, compared to the consensus estimate of C$3.33 billion.

GEI has been the topic of several other research reports. Jefferies Financial Group set a C$25.00 price objective on shares of Gibson Energy and gave the company a “buy” rating in a research report on Tuesday, February 27th. CIBC lifted their target price on shares of Gibson Energy from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. National Bankshares lifted their target price on shares of 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. BMO Capital Markets lifted their target price on shares of Gibson Energy from C$22.50 to C$25.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Stifel Nicolaus decreased their price objective on shares of Gibson Energy from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Gibson Energy has an average rating of “Moderate Buy” and a consensus price target of C$25.63.

Gibson Energy Stock Performance

Gibson Energy stock opened at C$22.11 on Thursday. The firm’s fifty day moving average price is C$22.74 and its 200-day moving average price is C$21.44. 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 stock has a market cap of C$3.57 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. Gibson Energy has a fifty-two week low of C$18.45 and a fifty-two week high of C$23.40.

Insider Buying and Selling

In related news, Director Steven R. Spaulding sold 55,823 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$22.72, for a total value of C$1,268,298.56. In related news, Director Steven R. Spaulding sold 55,823 shares of the stock in a transaction that occurred on 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 purchased 7,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average price of C$16.63 per share, for a total transaction of C$116,410.00. 0.81% of the stock is currently owned by company insiders.

Gibson Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.64 annualized dividend and a dividend yield of 7.42%. Gibson Energy’s payout ratio is currently 116.31%.

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.