Atb Cap Markets Raises Earnings Estimates for Gibson Energy

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) - Research analysts at Atb Cap Markets increased their FY2025 EPS estimates for Gibson Energy in a report issued on Monday, August 18th. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $1.37 per share for the year, up from their prior estimate of $1.36.

A number of other research firms have also recently weighed in on GEI. Jefferies Financial Group raised shares of Gibson Energy from a "hold" rating to a "buy" rating and boosted their target price for the stock from C$23.00 to C$28.00 in a research note on Wednesday, July 23rd. Scotiabank boosted their price objective on 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. JPMorgan Chase & Co. increased their target price on Gibson Energy from C$24.00 to C$25.00 and gave the company an "underweight" rating in a research report on Wednesday. TD Securities lowered Gibson Energy from a "strong-buy" rating to a "hold" rating and lifted their price target for the company from C$24.00 to C$25.00 in a research note on Tuesday, June 17th. Finally, National Bankshares upped their price objective on Gibson Energy from C$24.00 to C$25.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$26.50.

Gibson Energy Price Performance

GEI stock traded up C$0.43 during trading on Wednesday, reaching C$26.17. 588,799 shares of the company were exchanged, compared to its average volume of 699,909. The company has a market capitalization of C$4.27 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. The company has a 50-day moving average of C$24.64 and a two-hundred day moving average of C$23.08. Gibson Energy has a twelve month low of C$19.63 and a twelve month high of C$26.20.

Gibson Energy Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 6.6%. Gibson Energy's dividend payout ratio (DPR) is 126.47%.

Insider Activity at Gibson Energy

In related news, Senior Officer David Bruce Gosse bought 2,255 shares of Gibson Energy stock in a transaction that occurred on Monday, June 9th. The shares were acquired at an average cost of C$23.50 per share, for a total transaction of C$52,992.50. 0.85% of the stock is currently owned by corporate insiders.

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.