FY2024 EPS Estimates for Gibson Energy Reduced by Scotiabank

Gibson Energy Inc. (OTCMKTS:GBNXF) – Stock analysts at Scotiabank dropped their FY2024 EPS estimates for Gibson Energy in a research report issued on Wednesday, January 8th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $0.98 for the year, down from their previous estimate of $1.10. The consensus estimate for Gibson Energy’s current full-year earnings is $0.95 per share. Scotiabank also issued estimates for Gibson Energy’s FY2025 earnings at $1.14 EPS and FY2026 earnings at $1.28 EPS.

GBNXF has been the topic of a number of other research reports. Raymond James upgraded Gibson Energy to a “strong-buy” rating in a research note on Thursday, October 10th. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company downgraded Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Gibson Energy Stock Up 0.7 %

Shares of GBNXF stock opened at $17.74 on Friday. Gibson Energy has a 52-week low of $13.13 and a 52-week high of $18.92. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.89 and a current ratio of 1.18. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 18.67 and a beta of 0.91. The firm’s 50-day moving average is $16.94 and its 200-day moving average is $16.61.

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

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.