Q2 2024 EPS Estimates for Gibson Energy Inc. Lowered by Analyst (TSE:GEI)

Gibson Energy Inc. (TSE:GEI) – Investment analysts at Atb Cap Markets dropped their Q2 2024 earnings per share estimates for Gibson Energy in a report issued on Tuesday, July 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $0.37 per share for the quarter, down from their prior estimate of $0.39. The consensus estimate for Gibson Energy’s current full-year earnings is $1.56 per share. Atb Cap Markets also issued estimates for Gibson Energy’s FY2024 earnings at $1.43 EPS.

Gibson Energy (TSE:GEI) last announced its quarterly earnings results on Monday, April 29th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.39 by C($0.14). The business had revenue of C$3.29 billion for the quarter, compared to analyst estimates of C$2.87 billion. Gibson Energy had a net margin of 1.39% and a return on equity of 21.90%.

Several other brokerages have also recently issued reports on GEI. Scotiabank boosted their price target on Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. BMO Capital Markets raised their target price on shares of Gibson Energy from C$22.50 to C$25.00 and gave the company a “market perform” rating in a report on Tuesday, April 30th. Stifel Nicolaus lowered their price target on Gibson Energy from C$26.00 to C$25.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Gibson Energy from C$26.00 to C$27.00 and gave the stock an “overweight” rating in a research report on Friday, June 28th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$25.50.

Gibson Energy Stock Performance

GEI opened at C$23.09 on Thursday. The company has a debt-to-equity ratio of 288.27, a current ratio of 1.03 and a quick ratio of 0.87. The business has a fifty day simple moving average of C$22.84 and a 200 day simple moving average of C$22.36. Gibson Energy has a 1 year low of C$18.45 and a 1 year high of C$23.64. The company has a market capitalization of C$3.75 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29.

Gibson Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Wednesday, July 17th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 7.10%. The ex-dividend date was Friday, June 28th. Gibson Energy’s dividend payout ratio (DPR) is presently 156.19%.

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.