Q3 2023 EPS Estimates for Gibson Energy Inc. Boosted by Analyst (TSE:GEI)

Posted by on Aug 5th, 2023

Gibson Energy Inc. (TSE:GEI – Free Report) – Stock analysts at Atb Cap Markets lifted their Q3 2023 earnings per share (EPS) estimates for shares of Gibson Energy in a research note issued to investors on Tuesday, August 1st. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $0.37 per share for the quarter, up from their prior estimate of $0.25. Atb Cap Markets currently has a “Outperform” rating on the stock. The consensus estimate for Gibson Energy’s current full-year earnings is $1.73 per share. Atb Cap Markets also issued estimates for Gibson Energy’s Q4 2023 earnings at $0.37 EPS, FY2023 earnings at $1.65 EPS and Q1 2024 earnings at $0.39 EPS.

Several other equities analysts also recently issued reports on GEI. TD Securities decreased their price objective on shares of Gibson Energy from C$26.00 to C$25.00 and set a “buy” rating for the company in a research note on Wednesday. Scotiabank set a C$24.00 price target on shares of Gibson Energy and gave the stock a “sector perform” rating in a research note on Thursday, June 22nd. CSFB upped their target price on shares of Gibson Energy from C$25.50 to C$26.50 in a report on Thursday, June 15th. Stifel Nicolaus lowered their price target on Gibson Energy from C$28.50 to C$27.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Stifel Firstegy raised Gibson Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.64.

Gibson Energy Stock Down 1.0 %

Shares of TSE:GEI opened at C$20.00 on Friday. The firm has a 50 day simple moving average of C$21.09 and a 200-day simple moving average of C$22.15. Gibson Energy has a twelve month low of C$19.99 and a twelve month high of C$26.21. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 282.25. The company has a market capitalization of C$2.85 billion, a PE ratio of 11.36, a P/E/G ratio of 1.85 and a beta of 1.33.

Gibson Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date of this dividend is Thursday, September 28th. Gibson Energy’s dividend payout ratio (DPR) is 88.64%.

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

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