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

Posted by Defense World Staff on Jun 17th, 2023

Gibson Energy Inc. (TSE:GEI – Get Rating) – Equities researchers at Stifel Firstegy raised their Q4 2023 EPS estimates for shares of Gibson Energy in a research note issued to investors on Thursday, June 15th. Stifel Firstegy analyst C. Pereira now forecasts that the company will earn $0.49 per share for the quarter, up from their previous forecast of $0.44. Stifel Firstegy currently has a “Buy” rating on the stock. The consensus estimate for Gibson Energy’s current full-year earnings is $1.72 per share.

Gibson Energy (TSE:GEI – Get Rating) last issued its quarterly earnings data on Monday, May 1st. The company reported C$0.61 earnings per share for the quarter, topping the consensus estimate of C$0.44 by C$0.17. Gibson Energy had a net margin of 2.42% and a return on equity of 42.46%. The firm had revenue of C$2.37 billion for the quarter, compared to analysts’ expectations of C$2.85 billion.

A number of other equities research analysts have also recently commented on GEI. ATB Capital decreased their target price on shares of Gibson Energy from C$26.00 to C$25.00 in a research note on Friday, April 21st. Stifel Nicolaus raised their target price on shares of Gibson Energy from C$26.00 to C$29.00 in a research note on Thursday. Barclays decreased their target price on shares of Gibson Energy from C$25.00 to C$24.00 in a research note on Thursday, April 20th. Canaccord Genuity Group decreased their target price on shares of Gibson Energy from C$26.00 to C$24.00 in a research note on Wednesday, March 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Gibson Energy from C$27.00 to C$26.00 in a report on Monday, April 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$25.38.

Gibson Energy Price Performance

TSE GEI opened at C$21.19 on Friday. Gibson Energy has a 12 month low of C$20.57 and a 12 month high of C$26.51. The stock has a market cap of C$3.02 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.85 and a beta of 1.34. The company’s 50 day moving average is C$21.99 and its two-hundred day moving average is C$22.88. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 282.25.

Gibson Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date is Thursday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is presently 88.64%.

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.