Q2 2023 EPS Estimates for Gibson Energy Inc. Lifted by Atb Cap Markets (TSE:GEI)

Posted by Defense World Staff on May 6th, 2023

Gibson Energy Inc. (TSE:GEI – Get Rating) – Equities researchers at Atb Cap Markets boosted their Q2 2023 earnings per share estimates for Gibson Energy in a research report issued to clients and investors on Tuesday, May 2nd. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn $0.38 per share for the quarter, up from their prior estimate of $0.35. The consensus estimate for Gibson Energy’s current full-year earnings is $1.60 per share. Atb Cap Markets also issued estimates for Gibson Energy’s FY2023 earnings at $1.70 EPS and FY2025 earnings at $1.74 EPS.

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

A number of other research firms have also recently issued reports on GEI. TD Securities upgraded Gibson Energy from a “hold” rating to a “buy” rating and set a C$26.00 price objective for the company in a report on Tuesday, April 4th. Stifel Firstegy restated a “hold” rating on shares of Gibson Energy in a report on Thursday, February 9th. ATB Capital dropped their price objective on Gibson Energy from C$26.00 to C$25.00 in a report on Friday, April 21st. Canaccord Genuity Group lowered their target price on Gibson Energy from C$26.00 to C$24.00 in a report on Wednesday, March 29th. Finally, CSFB upped their target price on Gibson Energy from C$25.00 to C$25.50 in a report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$25.00.

Gibson Energy Price Performance

TSE:GEI opened at C$21.83 on Friday. The firm has a market capitalization of C$3.11 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.85 and a beta of 1.36. Gibson Energy has a 1 year low of C$21.03 and a 1 year high of C$27.75. The business has a 50 day simple moving average of C$22.38 and a 200-day simple moving average of C$23.27. The company has a debt-to-equity ratio of 282.25, a current ratio of 1.12 and a quick ratio of 0.87.

Gibson Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.15%. Gibson Energy’s payout ratio is 106.85%.

About Gibson Energy

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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.