FY2024 EPS Estimates for Gibson Energy Increased by Analyst

Gibson Energy Inc. (TSE:GEI) – Equities research analysts at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Gibson Energy in a research note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the company will post earnings of $1.30 per share for the year, up from their previous forecast of $1.29. National Bank Financial also issued estimates for Gibson Energy’s FY2025 earnings at $1.78 EPS.

A number of other equities analysts also recently weighed in on GEI. JPMorgan Chase & Co. cut their target price on Gibson Energy from C$27.00 to C$26.00 in a research note on Wednesday, October 2nd. Wells Fargo & Company cut Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. Jefferies Financial Group lifted their price target on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. CIBC lifted their target price on shares of Gibson Energy from C$27.00 to C$29.00 in a research report on Thursday, December 5th. Finally, Scotiabank boosted their target price on Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday, December 5th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Gibson Energy has an average rating of “Buy” and a consensus price target of C$27.11.

Gibson Energy Stock Performance

TSE GEI opened at C$25.30 on Wednesday. The company has a debt-to-equity ratio of 292.01, a current ratio of 1.18 and a quick ratio of 0.87. The company has a fifty day moving average price of C$23.91 and a 200-day moving average price of C$23.01. Gibson Energy has a 1 year low of C$20.33 and a 1 year high of C$26.10. The firm has a market cap of C$4.12 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.85 and a beta of 1.25.

Gibson Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.48%. Gibson Energy’s dividend payout ratio is currently 154.72%.

Insider Buying and Selling at Gibson Energy

In related news, Senior Officer Kelly Holtby purchased 2,010 shares of Gibson Energy stock in a transaction dated Monday, December 30th. The stock was purchased at an average cost of C$24.85 per share, for a total transaction of C$49,948.50. Also, Director Curtis Philippon acquired 40,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average price of C$25.46 per share, for a total transaction of C$1,018,400.00. 0.85% of the stock is owned by company insiders.

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.