Gibson Energy Q3 EPS Forecast Reduced by Atb Cap Markets

Gibson Energy Inc. (TSE:GEI) – Equities research analysts at Atb Cap Markets reduced 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 forecasts 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 announced its earnings results on Monday, July 29th. The company reported C$0.38 earnings per share (EPS) 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.

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

Gibson Energy Stock Performance

Shares of TSE:GEI opened at C$23.66 on Thursday. The company’s 50 day moving average price is C$22.44 and its two-hundred day moving average price is C$22.59. Gibson Energy has a 12-month low of C$19.33 and a 12-month high of C$24.33. The firm has a market cap of C$3.85 billion, a PE ratio of 22.32, a PEG ratio of 1.85 and a beta of 1.25. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01.

Gibson Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were given a $0.41 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.64 dividend on an annualized basis and a yield of 6.93%. Gibson Energy’s dividend payout ratio is currently 154.72%.

Insider Buying and Selling at Gibson Energy

In other Gibson Energy news, Director Margaret Cahill Montana purchased 3,400 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were bought at an average price of C$21.52 per share, for a total transaction of C$73,168.00. In other Gibson Energy news, Director Margaret Cahill Montana purchased 3,400 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were bought at an average price of C$21.52 per share, for a total transaction of C$73,168.00. Also, Director Curtis Philippon purchased 23,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average price of C$22.03 per share, for a total transaction of C$506,690.00. Company insiders own 0.85% 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.