Analysts Offer Predictions for Gibson Energy FY2024 Earnings

Gibson Energy Inc. (OTCMKTS:GBNXF) – Analysts at Scotiabank dropped their FY2024 EPS estimates for shares of Gibson Energy in a research report issued on Wednesday, January 8th. Scotiabank analyst R. Hope now forecasts that the company will earn $0.98 per share for the year, down from their prior estimate of $1.10. The consensus estimate for Gibson Energy’s current full-year earnings is $0.95 per share. Scotiabank also issued estimates for Gibson Energy’s FY2025 earnings at $1.14 EPS and FY2026 earnings at $1.28 EPS.

Gibson Energy (OTCMKTS:GBNXF) last issued its earnings results on Tuesday, October 29th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $2.13 billion during the quarter. Gibson Energy had a return on equity of 22.45% and a net margin of 1.72%.

GBNXF has been the topic of several other research reports. Wells Fargo & Company cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, Raymond James raised shares of Gibson Energy to a “strong-buy” rating in a research note on Thursday, October 10th.

Gibson Energy Price Performance

Shares of Gibson Energy stock opened at $17.62 on Friday. The company’s fifty day simple moving average is $16.94 and its two-hundred day simple moving average is $16.61. Gibson Energy has a 12-month low of $13.13 and a 12-month high of $18.92. The firm has a market cap of $2.87 billion, a PE ratio of 18.55 and a beta of 0.91. 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 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.