FY2024 Earnings Forecast for Gibson Energy Inc. Issued By National Bank Financial (TSE:GEI)

Gibson Energy Inc. (TSE:GEI) – Equities researchers at National Bank Financial decreased their FY2024 earnings per share estimates for Gibson Energy in a note issued to investors on Tuesday, April 30th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $1.43 for the year, down from their prior forecast of $1.56. The consensus estimate for Gibson Energy’s current full-year earnings is $1.59 per share.

Gibson Energy (TSE:GEI) last issued 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 for the quarter, compared to analysts’ expectations of C$3.33 billion.

GEI has been the subject of a number of other research reports. Jefferies Financial Group set a C$25.00 target price on Gibson Energy and gave the company a “buy” rating in a research note on Tuesday, February 27th. BMO Capital Markets boosted 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. JPMorgan Chase & Co. increased their price target on shares of Gibson Energy from C$25.00 to C$26.00 in a research note on Monday, April 15th. National Bankshares boosted their price objective on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Finally, Scotiabank raised their target price on shares of Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$25.63.

Gibson Energy Price Performance

Shares of TSE GEI opened at C$22.15 on Thursday. The company has a debt-to-equity ratio of 303.96, a current ratio of 1.12 and a quick ratio of 0.87. Gibson Energy has a 1 year low of C$18.45 and a 1 year high of C$23.40. The company’s 50-day moving average is C$22.75 and its 200 day moving average is C$21.45. The stock has a market capitalization of C$3.58 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.85 and a beta of 1.29.

Gibson Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date is Thursday, June 27th. Gibson Energy’s dividend payout ratio (DPR) is 116.31%.

Insider Buying and Selling at Gibson Energy

In other news, Director Steven R. Spaulding sold 55,823 shares of Gibson Energy stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$22.72, for a total value of C$1,268,298.56. In other news, Director Steven R. Spaulding sold 55,823 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$22.72, for a total transaction of C$1,268,298.56. Also, Senior Officer Sean Brown sold 35,000 shares of Gibson Energy stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$19.97, for a total value of C$698,950.00. Company insiders own 0.81% of the company’s stock.

About Gibson Energy

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.