Gibson Energy FY2027 EPS Reduced by Raymond James Financial

Gibson Energy Inc. (TSE:GEI - Free Report) - Equities researchers at Raymond James Financial cut their FY2027 earnings per share (EPS) estimates for shares of Gibson Energy in a report issued on Tuesday, June 17th. Raymond James Financial analyst M. Barth now expects that the company will earn $1.92 per share for the year, down from their prior forecast of $1.93. Raymond James Financial currently has a "Strong-Buy" rating and a $30.50 price objective on the stock.

A number of other equities analysts have also issued reports on the company. National Bankshares lowered Gibson Energy from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from C$29.00 to C$24.00 in a report on Wednesday, February 19th. Jefferies Financial Group reduced their price target on Gibson Energy from C$26.00 to C$23.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. ATB Capital lowered their price target on Gibson Energy from C$28.00 to C$26.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. CIBC cut their price objective on shares of Gibson Energy from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada decreased their target price on shares of Gibson Energy from C$28.00 to C$26.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$26.05.

Gibson Energy Price Performance

Shares of TSE:GEI opened at C$24.27 on Wednesday. The firm's 50 day moving average is C$22.42 and its two-hundred day moving average is C$23.14. The firm has a market capitalization of C$3.96 billion, a P/E ratio of 18.72, a PEG ratio of 1.85 and a beta of 1.25. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. Gibson Energy has a 52 week low of C$19.63 and a 52 week high of C$26.10.

Insider Buying and Selling

In related news, Director Curtis Philippon purchased 15,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average price of C$22.26 per share, with a total value of C$333,900.00. Also, Senior Officer David Bruce Gosse acquired 2,255 shares of Gibson Energy stock in a transaction on Monday, June 9th. The shares were purchased at an average cost of C$23.50 per share, with a total value of C$52,992.50. Over the last ninety days, insiders acquired 19,460 shares of company stock worth $436,982. Corporate insiders own 0.85% of the company's stock.

Gibson Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 7.09%. Gibson Energy's dividend payout ratio is presently 126.47%.

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.

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