Gibson Energy (GEI) to Release Earnings on Monday

Gibson Energy (TSE:GEI) will be posting its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Gibson Energy to post earnings of C$0.40 per share for the quarter.

Gibson Energy (TSE:GEI) last released its earnings results on Tuesday, February 20th. The company reported C$0.32 earnings per share for the quarter, missing the consensus estimate of C$0.40 by C($0.08). Gibson Energy had a net margin of 1.95% and a return on equity of 28.84%. The company had revenue of C$2.81 billion during the quarter, compared to analyst estimates of C$3.33 billion.

Gibson Energy Trading Down 0.3 %

TSE:GEI opened at C$22.65 on Friday. Gibson Energy has a 1-year low of C$18.45 and a 1-year high of C$23.40. The business’s 50-day moving average price is C$22.63 and its two-hundred day moving average price is C$21.36. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 303.96. The firm has a market capitalization of C$3.66 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.85 and a beta of 1.29.

Gibson Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Thursday, March 28th were paid a $0.41 dividend. This is a positive change from Gibson Energy’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.64 annualized dividend and a yield of 7.24%. Gibson Energy’s dividend payout ratio is presently 116.31%.

Insider Buying and Selling

In other Gibson Energy news, Director Steven R. Spaulding sold 55,823 shares of Gibson Energy stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$22.72, for a total value of C$1,268,298.56. In other Gibson Energy news, Director Steven R. Spaulding sold 55,823 shares of Gibson Energy stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$22.72, for a total value of C$1,268,298.56. Also, Director Khalid Muslih acquired 7,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was bought at an average cost of C$16.63 per share, with a total value of C$116,410.00. 0.81% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GEI. Jefferies Financial Group set a C$25.00 price target on Gibson Energy and gave the stock a “buy” rating in a report on Tuesday, February 27th. National Bankshares increased their price target on Gibson Energy from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. increased their price target on Gibson Energy from C$25.00 to C$26.00 in a report on Monday, April 15th. Finally, CIBC increased their price target on Gibson Energy from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$25.46.

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.