Gibson Energy Q3 EPS Forecast Lowered by Atb Cap Markets

Gibson Energy Inc. (OTCMKTS:GBNXF) – Analysts at Atb Cap Markets cut their Q3 2024 earnings estimates for shares of Gibson Energy in a note issued to investors on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings of $0.24 per share for the quarter, down from their previous forecast of $0.27. The consensus estimate for Gibson Energy’s current full-year earnings is $1.00 per share. Atb Cap Markets also issued estimates for Gibson Energy’s FY2024 earnings at $0.96 EPS.

Gibson Energy (OTCMKTS:GBNXF) last issued its earnings results on Monday, July 29th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.26 by $0.02. The company had revenue of $2.36 billion during the quarter. Gibson Energy had a net margin of 1.41% and a return on equity of 20.52%.

Separately, Raymond James upgraded shares of Gibson Energy to a “strong-buy” rating in a research report on Thursday, October 10th.

Gibson Energy Stock Performance

Shares of Gibson Energy stock opened at $16.98 on Thursday. The firm has a fifty day moving average of $16.48 and a two-hundred day moving average of $16.47. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 21.77 and a beta of 0.94. Gibson Energy has a 52 week low of $13.13 and a 52 week high of $17.75. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.89 and a current ratio of 1.18.

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.