FY2023 EPS Estimates for Gibson Energy Inc. Lowered by Analyst (TSE:GEI)

Posted by Defense World Staff on Jul 17th, 2023

Gibson Energy Inc. (TSE:GEI – Free Report) – Atb Cap Markets lowered their FY2023 earnings estimates for shares of Gibson Energy in a note issued to investors on Wednesday, July 12th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $1.62 for the year, down from their previous estimate of $1.70. Atb Cap Markets has a “Outperform” rating on the stock. The consensus estimate for Gibson Energy’s current full-year earnings is $1.72 per share. Atb Cap Markets also issued estimates for Gibson Energy’s Q2 2024 earnings at $0.40 EPS and FY2024 earnings at $1.59 EPS.

Gibson Energy (TSE:GEI – Get Free Report) last announced its earnings results on Monday, May 1st. The company reported C$0.61 EPS for the quarter, topping the consensus estimate of C$0.44 by C$0.17. The firm had revenue of C$2.37 billion for the quarter, compared to the consensus estimate of C$2.85 billion. Gibson Energy had a net margin of 2.42% and a return on equity of 42.46%.

Other analysts also recently issued reports about the stock. Stifel Nicolaus lifted their price objective on shares of Gibson Energy from C$26.00 to C$29.00 in a report on Thursday, June 15th. Scotiabank set a C$24.00 price objective on shares of Gibson Energy and gave the stock a “sector perform” rating in a research report on Thursday, June 22nd. Canaccord Genuity Group raised shares of Gibson Energy from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. JPMorgan Chase & Co. raised shares of Gibson Energy from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from C$26.00 to C$27.00 in a research report on Friday. Finally, Barclays reduced their price objective on shares of Gibson Energy from C$25.00 to C$24.00 in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$25.77.

Gibson Energy Stock Performance

Shares of GEI stock opened at C$20.90 on Monday. The company has a debt-to-equity ratio of 282.25, a quick ratio of 0.87 and a current ratio of 1.12. Gibson Energy has a 52 week low of C$20.10 and a 52 week high of C$26.51. The company has a market capitalization of C$2.98 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34. The company’s 50 day moving average price is C$21.33 and its two-hundred day moving average price is C$22.44.

Gibson Energy Dividend Announcement

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 paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 7.46%. The ex-dividend date is Thursday, June 29th. Gibson Energy’s payout ratio is 89.66%.

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.