Gibson Energy Inc. (TSE:GEI – Get Rating) – Equities researchers at Raymond James boosted their FY2023 EPS estimates for shares of Gibson Energy in a research note issued to investors on Friday, June 24th. Raymond James analyst A. Bradford now forecasts that the company will post earnings of $1.65 per share for the year, up from their prior forecast of $1.52. Raymond James currently has a “Outperform” rating and a $25.00 price target on the stock. The consensus estimate for Gibson Energy’s current full-year earnings is $1.27 per share. Gibson Energy (TSE:GEI – Get Rating) last announced its quarterly earnings results on Monday, May 2nd. The company reported C$0.35 EPS for the quarter, beating analysts’ consensus estimates of C$0.31 by C$0.04. The business had revenue of C$2.69 billion for the quarter.
GEI has been the subject of several other research reports. Royal Bank of Canada increased their price target on shares of Gibson Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Wednesday, May 4th. BMO Capital Markets lowered shares of Gibson Energy from an “outperform” rating to a “hold” rating and set a C$26.00 price target for the company. in a research report on Friday, June 3rd. TD Securities increased their price target on shares of Gibson Energy from C$25.00 to C$26.00 and gave the company a “hold” rating in a research report on Wednesday, May 4th. Wells Fargo & Company increased their price target on shares of Gibson Energy from C$23.00 to C$25.00 and gave the company a “neutral” rating in a research report on Friday, May 6th. Finally, Credit Suisse Group upgraded shares of Gibson Energy to a “hold” rating and set a C$27.00 price target for the company in a research report on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$25.33.
TSE GEI opened at C$23.87 on Monday. Gibson Energy has a 1 year low of C$21.43 and a 1 year high of C$27.75. The company has a debt-to-equity ratio of 242.84, a current ratio of 1.03 and a quick ratio of 0.76. The firm has a market cap of C$3.52 billion and a price-to-earnings ratio of 21.70. The company has a fifty day moving average price of C$25.56 and a 200-day moving average price of C$24.57.
In other news, Director Steven R. Spaulding sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of C$25.69, for a total value of C$2,569,000.00. Following the transaction, the director now owns 353,425 shares in the company, valued at C$9,079,488.25.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 6.20%. The ex-dividend date is Wednesday, June 29th. Gibson Energy’s dividend payout ratio is 129.09%.
About Gibson Energy (Get Rating)
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.