FY2024 EPS Estimates for Gibson Energy Reduced by Analyst

Gibson Energy Inc. (OTCMKTS:GBNXF) – Equities researchers at Scotiabank lowered their FY2024 earnings estimates for shares of Gibson Energy in a report issued on Wednesday, January 8th. Scotiabank analyst R. Hope now anticipates that the company will post earnings of $0.98 per share for the year, down from their previous forecast of $1.10. The consensus estimate for Gibson Energy’s current full-year earnings is $0.95 per share. Scotiabank also issued estimates for Gibson Energy’s FY2025 earnings at $1.14 EPS and FY2026 earnings at $1.28 EPS.

A number of other research analysts have also weighed in on the stock. Raymond James raised shares of Gibson Energy to a “strong-buy” rating in a report on Thursday, October 10th. Wells Fargo & Company cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 5th.

Gibson Energy Stock Performance

OTCMKTS:GBNXF opened at $17.62 on Friday. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 18.55 and a beta of 0.91. Gibson Energy has a 1 year low of $13.13 and a 1 year high of $18.92. The stock’s 50 day simple moving average is $16.94 and its two-hundred day simple moving average is $16.61. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.18 and a quick ratio of 0.89.

Gibson Energy (OTCMKTS:GBNXF) last issued its earnings results on Tuesday, October 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. Gibson Energy had a return on equity of 22.45% and a net margin of 1.72%. The firm had revenue of $2.13 billion for the quarter.

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.