Gibson Energy Inc. (TSE:GEI - Free Report) - Analysts at Atb Cap Markets reduced their Q1 2024 EPS estimates for shares of Gibson Energy in a research note issued to investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $0.40 per share for the quarter, down from their prior forecast of $0.41. The consensus estimate for Gibson Energy's current full-year earnings is $1.59 per share.
Gibson Energy (TSE:GEI - Get Free Report) last released its earnings results on Tuesday, February 20th. The company reported C$0.32 earnings per share for the quarter, missing analysts' consensus estimates of C$0.40 by C($0.08). The firm had revenue of C$2.81 billion for the quarter, compared to analyst estimates of C$3.33 billion. Gibson Energy had a return on equity of 28.84% and a net margin of 1.95%.
Other research analysts have also issued research reports about the stock. National Bankshares upped their price objective on shares of Gibson Energy from C$24.00 to C$25.00 and gave the company an "outperform" rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. upped their target price on shares of Gibson Energy from C$25.00 to C$26.00 in a research note on Monday, April 15th. CIBC upped their target price on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research note on Monday, January 8th. Finally, Jefferies Financial Group set a C$25.00 target price on shares of Gibson Energy and gave the company a "buy" rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$25.46.
View Our Latest Analysis on GEI
Gibson Energy Stock Performance
Shares of GEI traded down C$0.07 during trading hours on Friday, reaching C$22.65. 360,102 shares of the company traded hands, compared to its average volume of 552,481. The stock's fifty day moving average is C$22.63 and its 200 day moving average is C$21.36. The stock has a market cap of C$3.66 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. The company has a debt-to-equity ratio of 303.96, a quick ratio of 0.87 and a current ratio of 1.12. Gibson Energy has a 1-year low of C$18.45 and a 1-year high of C$23.40.
Insider Activity at Gibson Energy
In related news, Director Steven R. Spaulding sold 55,823 shares of the firm's stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$22.72, for a total value of C$1,268,298.56. In other news, Senior Officer Sean Brown sold 35,000 shares of Gibson Energy stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$19.97, for a total value of C$698,950.00. Also, Director Steven R. Spaulding sold 55,823 shares of Gibson Energy stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$22.72, for a total transaction of C$1,268,298.56. 0.81% of the stock is owned by insiders.
Gibson Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Thursday, March 28th were given a dividend of $0.41 per share. This is an increase from Gibson Energy's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.64 annualized dividend and a dividend yield of 7.24%. Gibson Energy's dividend payout ratio is currently 116.31%.
About Gibson Energy
(
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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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