FY2024 EPS Estimates for Gibson Energy Cut by Analyst

Gibson Energy Inc. (OTCMKTS:GBNXF) – Equities research analysts at National Bank Financial decreased their FY2024 earnings estimates for Gibson Energy in a research note issued on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $0.91 for the year, down from their previous estimate of $0.93. The consensus estimate for Gibson Energy’s current full-year earnings is $0.95 per share. National Bank Financial also issued estimates for Gibson Energy’s FY2026 earnings at $1.32 EPS, FY2027 earnings at $1.37 EPS and FY2028 earnings at $1.43 EPS.

Several other analysts have also recently issued reports on the company. Raymond James raised Gibson Energy to a “strong-buy” rating in a research note on Thursday, October 10th. BMO Capital Markets upgraded Gibson Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company downgraded Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Gibson Energy Price Performance

Shares of Gibson Energy stock opened at $17.62 on Wednesday. The firm has a market cap of $2.87 billion, a PE ratio of 18.55 and a beta of 0.91. The company’s fifty day simple moving average is $16.90 and its two-hundred day simple moving average is $16.60. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 2.86. Gibson Energy has a 12-month low of $13.13 and a 12-month high of $18.92.

Gibson Energy (OTCMKTS:GBNXF) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The firm had revenue of $2.13 billion for the quarter. Gibson Energy had a return on equity of 22.45% and a net margin of 1.72%.

Gibson Energy Company Profile

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.