Stifel Firstegy Research Analysts Increase Earnings Estimates for Gibson Energy Inc. (TSE:GEI)

Posted by on May 5th, 2023

Gibson Energy Inc. (TSE:GEI – Get Rating) – Equities research analysts at Stifel Firstegy increased their Q2 2023 earnings estimates for shares of Gibson Energy in a report released on Tuesday, May 2nd. Stifel Firstegy analyst C. Pereira now forecasts that the company will post earnings of $0.41 per share for the quarter, up from their prior estimate of $0.39. Stifel Firstegy currently has a “Hold” rating on the stock. The consensus estimate for Gibson Energy’s current full-year earnings is $1.60 per share. Stifel Firstegy also issued estimates for Gibson Energy’s Q3 2023 earnings at $0.44 EPS, Q4 2023 earnings at $0.44 EPS and FY2024 earnings at $1.83 EPS.

Gibson Energy (TSE:GEI – Get Rating) last posted its quarterly earnings data on Tuesday, February 21st. The company reported C$0.43 EPS for the quarter, topping the consensus estimate of C$0.41 by C$0.02. Gibson Energy had a net margin of 2.42% and a return on equity of 42.46%. The business had revenue of C$2.50 billion for the quarter.

A number of other research analysts have also recently issued reports on GEI. Stifel Nicolaus lowered their price objective on Gibson Energy from C$25.50 to C$25.00 in a research note on Wednesday. TD Securities raised Gibson Energy from a “hold” rating to a “buy” rating and set a C$26.00 price target for the company in a research report on Tuesday, April 4th. National Bankshares lifted their price target on Gibson Energy from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a research report on Friday, January 27th. ATB Capital lowered their price target on Gibson Energy from C$26.00 to C$25.00 in a research report on Friday, April 21st. Finally, CSFB lifted their price target on Gibson Energy from C$25.00 to C$25.50 in a research report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$25.00.

Gibson Energy Stock Performance

Shares of GEI opened at C$21.86 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 282.25. The stock has a market cap of C$3.11 billion, a P/E ratio of 14.97, a P/E/G ratio of 1.85 and a beta of 1.36. The business’s 50 day moving average price is C$22.41 and its 200-day moving average price is C$23.27. Gibson Energy has a 52 week low of C$21.03 and a 52 week high of C$27.75.

Gibson Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 7.14%. The ex-dividend date of this dividend is Thursday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is 106.85%.

Gibson Energy Company Profile

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Gibson Energy Inc, a liquids infrastructure company, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in North America. It operates through two segments, Infrastructure and Marketing. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, and a crude oil processing facility.

Further Reading

Earnings History and Estimates for Gibson Energy (TSE:GEI)

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