FY2025 EPS Estimates for Gibson Energy Increased by Analyst

Key Points

• Atb Cap Markets has increased its FY2025 earnings per share (EPS) estimate for Gibson Energy from $1.36 to $1.37.
• Multiple analysts are optimistic about Gibson Energy, with Royal Bank of Canada raising its price target to C$26.00 and Jefferies Financial Group upgrading the stock to a "buy" rating with a target of C$28.00.
• The company declared a quarterly dividend of $0.43, yielding 6.7%, to be paid on October 17th, 2023.

Gibson Energy Inc. (TSE:GEI - Free Report) - Atb Cap Markets increased their FY2025 EPS estimates for shares of Gibson Energy in a report released on Monday, August 18th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $1.37 for the year, up from their previous forecast of $1.36.

Several other research firms have also recently weighed in on GEI. ATB Capital upped their price target on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. upped their price target on shares of Gibson Energy from C$24.00 to C$25.00 and gave the company an "underweight" rating in a research note on Wednesday, August 20th. National Bankshares increased their target price on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. TD Securities downgraded shares of Gibson Energy from a "strong-buy" rating to a "hold" rating and raised their price target for the company from C$24.00 to C$25.00 in a research note on Tuesday, June 17th. Finally, Scotiabank lifted their target price on shares of Gibson Energy from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Gibson Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of C$26.50.

Gibson Energy Price Performance

GEI traded down C$0.01 during midday trading on Wednesday, hitting C$26.16. The company had a trading volume of 155,167 shares, compared to its average volume of 696,509. Gibson Energy has a twelve month low of C$19.63 and a twelve month high of C$26.29. The firm's 50-day simple moving average is C$24.64 and its 200-day simple moving average is C$23.06. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. The company has a market capitalization of C$4.27 billion, a PE ratio of 20.17, a P/E/G ratio of 1.85 and a beta of 1.25.

Insider Buying and Selling at Gibson Energy

In related news, Senior Officer David Bruce Gosse acquired 2,255 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were bought at an average cost of C$23.50 per share, for a total transaction of C$52,992.50. Company insiders own 0.85% of the company's stock.

Gibson Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 6.6%. Gibson Energy's dividend payout ratio is presently 126.47%.

About Gibson Energy

Gibson Energy Inc is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility.