Gibson Energy FY2024 EPS Estimate Reduced by Raymond James

Gibson Energy Inc. (TSE:GEI) – Research analysts at Raymond James cut their FY2024 earnings per share (EPS) estimates for shares of Gibson Energy in a report released on Wednesday, October 30th. Raymond James analyst M. Barth now forecasts that the company will earn $1.27 per share for the year, down from their previous estimate of $1.29. Raymond James currently has a “Strong-Buy” rating on the stock. Raymond James also issued estimates for Gibson Energy’s FY2025 earnings at $1.51 EPS.

GEI has been the topic of several other reports. Royal Bank of Canada raised their price target on Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. National Bankshares raised their price target on Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. BMO Capital Markets raised their price target on Gibson Energy from C$25.00 to C$25.50 in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. reduced their price target on Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$26.00.

Gibson Energy Price Performance

Shares of Gibson Energy stock opened at C$22.95 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01. The firm has a market capitalization of C$3.74 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The business’s 50-day moving average price is C$22.63 and its 200-day moving average price is C$22.60. Gibson Energy has a 12 month low of C$19.42 and a 12 month high of C$24.33.

Gibson Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 7.15%. The ex-dividend date of this dividend is Tuesday, December 31st. Gibson Energy’s dividend payout ratio (DPR) is currently 154.72%.

Insiders Place Their Bets

In other Gibson Energy news, Director Curtis Philippon acquired 23,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was acquired at an average price of C$22.03 per share, for a total transaction of C$506,690.00. In other news, Director Margaret Cahill Montana bought 3,400 shares of the stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of C$21.52 per share, for a total transaction of C$73,168.00. Also, Director Curtis Philippon bought 23,000 shares of the stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average price of C$22.03 per share, with a total value of C$506,690.00. Company 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.