FY2024 EPS Estimates for Gibson Energy Cut by Raymond James

Gibson Energy Inc. (TSE:GEI) – Investment analysts at Raymond James reduced their FY2024 EPS estimates for Gibson Energy in a research report issued to clients and investors on Wednesday, October 30th. Raymond James analyst M. Barth now forecasts that the company will earn $1.27 per share for the year, down from their previous forecast of $1.29. Raymond James currently has a “Strong-Buy” rating on the stock. Raymond James also issued estimates for Gibson Energy’s FY2025 earnings at $1.51 EPS.

Several other research analysts have also weighed in on the company. BMO Capital Markets increased their target price on Gibson Energy from C$25.00 to C$25.50 in a research report on Thursday, September 5th. National Bankshares raised their price objective on Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Royal Bank of Canada boosted their target price on Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$26.00.

Gibson Energy Stock Down 0.6 %

GEI opened at C$22.95 on Friday. The stock has a market capitalization of C$3.74 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. Gibson Energy has a 12 month low of C$19.42 and a 12 month high of C$24.33. 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 business has a 50-day moving average of C$22.63 and a two-hundred day moving average of C$22.60.

Insider Buying and Selling at Gibson Energy

In related news, Director Margaret Cahill Montana purchased 3,400 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of C$21.52 per share, for a total transaction of C$73,168.00. In other news, Director Curtis Philippon acquired 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. Also, Director Margaret Cahill Montana bought 3,400 shares of Gibson Energy stock in a transaction on Wednesday, August 7th. The shares were purchased at an average cost of C$21.52 per share, with a total value of C$73,168.00. 0.85% of the stock is currently owned by insiders.

Gibson Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a $0.41 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.64 dividend on an annualized basis and a yield of 7.15%. 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.