FY2024 EPS Estimates for Gibson Energy Lowered by Scotiabank

Gibson Energy Inc. (TSE:GEI) – Analysts at Scotiabank lowered their FY2024 earnings per share estimates for Gibson Energy in a note issued to investors on Wednesday, January 8th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $1.41 for the year, down from their previous forecast of $1.49. Scotiabank also issued estimates for Gibson Energy’s FY2025 earnings at $1.64 EPS and FY2026 earnings at $1.84 EPS.

A number of other brokerages have also issued reports on GEI. Raymond James boosted their price target on shares of Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday, December 5th. Royal Bank of Canada increased their target price on 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. CIBC lifted their price target on Gibson Energy from C$27.00 to C$29.00 in a research note on Thursday, December 5th. Wells Fargo & Company lowered Gibson Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 18th. Finally, BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$25.50 to C$28.00 in a report on Thursday, December 5th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$27.11.

Gibson Energy Stock Up 1.1 %

Shares of Gibson Energy stock opened at C$25.61 on Friday. Gibson Energy has a one year low of C$20.33 and a one year high of C$26.10. The company has a market cap of C$4.17 billion, a P/E ratio of 24.16, a PEG ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. The firm has a fifty day moving average of C$23.99 and a two-hundred day moving average of C$23.04.

Insider Buying and Selling

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

Gibson Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.41 per share. 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%.

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.