Gibson Energy FY2024 EPS Lifted by National Bank Financial

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

A number of other research firms have also commented on GEI. BMO Capital Markets upgraded Gibson Energy from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Jefferies Financial Group increased their target price on Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. CIBC lifted their price target on Gibson Energy from C$27.00 to C$29.00 in a report on Thursday, December 5th. Wells Fargo & Company lowered shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 18th. Finally, Royal Bank of Canada boosted their target price on shares of Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$27.11.

Gibson Energy Stock Performance

TSE GEI opened at C$25.61 on Wednesday. Gibson Energy has a 1-year low of C$20.33 and a 1-year high of C$26.10. The company has a 50 day moving average of C$23.99 and a 200-day moving average of C$23.04. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01. The firm has a market cap of C$4.17 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 1.85 and a beta of 1.25.

Gibson Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 6.40%. The ex-dividend date of this dividend is Tuesday, December 31st. Gibson Energy’s dividend payout ratio (DPR) is presently 154.72%.

Insider Transactions at Gibson Energy

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