FY2024 EPS Estimates for Gibson Energy Decreased by Analyst

Gibson Energy Inc. (TSE:GEI) – Equities researchers at Atb Cap Markets cut their FY2024 earnings per share estimates for Gibson Energy in a report issued on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $1.29 per share for the year, down from their prior estimate of $1.30. Atb Cap Markets also issued estimates for Gibson Energy’s Q4 2024 earnings at $0.33 EPS.

Other equities research analysts also recently issued research reports about the company. TD Securities set a C$25.00 target price on Gibson Energy and gave the company a “hold” rating in a report on Wednesday, January 15th. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Wells Fargo & Company cut Gibson Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 18th. Scotiabank lifted their price objective on Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. Finally, Raymond James upped their target price on Gibson Energy from C$28.50 to C$30.00 in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Gibson Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$26.90.

Gibson Energy Stock Up 0.5 %

Shares of TSE:GEI opened at C$24.17 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. The company has a market cap of C$3.93 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.85 and a beta of 1.25. Gibson Energy has a fifty-two week low of C$20.42 and a fifty-two week high of C$26.10. The firm’s 50-day simple moving average is C$24.86 and its 200-day simple moving average is C$23.39.

Insider Transactions at Gibson Energy

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

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.