FY2023 EPS Estimates for Gibson Energy Inc. Reduced by Atb Cap Markets (OTCMKTS:GBNXF)

Gibson Energy Inc. (OTCMKTS:GBNXF – Free Report) – Equities research analysts at Atb Cap Markets cut their FY2023 earnings per share (EPS) estimates for Gibson Energy in a research report issued to clients and investors on Wednesday, July 12th. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn $1.22 per share for the year, down from their prior estimate of $1.26. Atb Cap Markets currently has a “Outperform” rating on the stock. The consensus estimate for Gibson Energy’s current full-year earnings is $1.28 per share. Atb Cap Markets also issued estimates for Gibson Energy’s Q2 2024 earnings at $0.30 EPS.

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Gibson Energy (OTCMKTS:GBNXF – Get Free Report) last announced its quarterly earnings results on Monday, May 1st. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. Gibson Energy had a return on equity of 42.94% and a net margin of 2.40%. The company had revenue of $1.75 billion during the quarter.

Several other equities analysts also recently weighed in on GBNXF. Stifel Firstegy upgraded Gibson Energy from a “hold” rating to a “buy” rating in a report on Tuesday, May 16th. Stifel Nicolaus upgraded Gibson Energy from a “hold” rating to a “buy” rating in a report on Wednesday, May 17th. Canaccord Genuity Group upgraded Gibson Energy from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. CIBC upgraded Gibson Energy from a “neutral” rating to an “outperform” rating in a report on Thursday, June 22nd. Finally, JPMorgan Chase & Co. upgraded Gibson Energy from a “neutral” rating to an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat, Gibson Energy has a consensus rating of “Moderate Buy” and an average target price of $25.20.

Gibson Energy Stock Performance

Shares of Gibson Energy stock opened at $15.83 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.82 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $2.24 billion, a P/E ratio of 11.90 and a beta of 1.03. The business has a fifty day simple moving average of $16.02 and a two-hundred day simple moving average of $16.75. Gibson Energy has a 12 month low of $15.24 and a 12 month high of $20.63.

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.

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