FY2024 EPS Estimates for Gibson Energy Lowered by Analyst

Gibson Energy Inc. (OTCMKTS:GBNXF) – Investment analysts at National Bank Financial dropped their FY2024 EPS estimates for shares of Gibson Energy in a report released on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $0.91 per share for the year, down from their prior estimate of $0.93. The consensus estimate for Gibson Energy’s current full-year earnings is $0.95 per share. National Bank Financial also issued estimates for Gibson Energy’s FY2026 earnings at $1.32 EPS, FY2027 earnings at $1.37 EPS and FY2028 earnings at $1.43 EPS.

Several other research firms also recently commented on GBNXF. Wells Fargo & Company downgraded Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Raymond James raised shares of Gibson Energy to a “strong-buy” rating in a report on Thursday, October 10th. Finally, BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, December 5th.

Gibson Energy Stock Performance

Shares of GBNXF opened at $17.62 on Wednesday. Gibson Energy has a 12 month low of $13.13 and a 12 month high of $18.92. The stock has a 50 day moving average of $16.94 and a 200 day moving average of $16.61. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 2.86. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 18.55 and a beta of 0.91.

Gibson Energy (OTCMKTS:GBNXF) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $2.13 billion during the quarter. Gibson Energy had a return on equity of 22.45% and a net margin of 1.72%.

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.