Atb Cap Markets Reduces Earnings Forecast for Gibson Energy

On February 12, 2025, financial analysts from Atb Cap Markets have revised their earnings predictions for Gibson Energy Inc. (TSE:GEI – Free Report). In a report published on February 6, Atb Cap Markets analyst N. Heywood adjusted the company's estimated earnings per share (EPS) for the fiscal year 2024 from a previous forecast of $1.30 per share to $1.29 per share. Additionally, Atb Cap Markets provided estimates for Gibson Energy's fourth-quarter earnings for 2024, projecting an EPS of $0.33.

Other investment researchers have also recently offered new insights regarding Gibson Energy's stock performance. For instance, Raymond James increased their price target for Gibson Energy shares from C$28.50 to C$30.00 on December 5. Conversely, Jefferies Financial Group downgraded Gibson Energy from a “buy” rating to a “hold” rating as of January 30. On the same date, CIBC raised their price target from C$27.00 to C$29.00, while TD Securities established a C$25.00 price target for the stock, assigning it a “hold” rating on January 15. Furthermore, Wells Fargo & Company changed their stance on Gibson Energy, moving from an “overweight” rating to an “equal weight” rating in a report released on December 18.

Currently, three market analysts have issued hold ratings for the stock, whereas six analysts suggest a buy rating, and one indicates a strong buy recommendation. According to MarketBeat.com, Gibson Energy has garnered a consensus rating classified as “Moderate Buy,” with an average target price set at C$26.90.

Gibson Energy Stock Performance

As of Monday, GEI shares opened at C$24.30. The company's fifty-day simple moving average stands at C$24.87, while its two-hundred-day simple moving average is C$23.40. Over the last year, Gibson Energy has experienced a low of C$20.42 and a high of C$26.10. The company's market capitalization is reported at C$3.96 billion, with a price-to-earnings ratio (P/E) of 22.92 and a price/earnings to growth (PEG) ratio of 1.85. Additionally, Gibson Energy's beta is listed at 1.25, indicating its volatility compared to the market. Important liquidity metrics include a quick ratio of 0.87 and a current ratio of 1.18, while its debt-to-equity ratio is quite high at 292.01.

Recent Insider Trading Activities

In related news, Gibson Energy's Director, Curtis Philippon, purchased 40,000 shares of the company on December 9, acquiring them at an average price of C$25.46 per share, totaling a transaction worth C$1,018,400. Senior Officer Kelly Holtby also bought 2,010 shares on December 30 at an average share price of C$24.85, amounting to approximately C$49,948. In total, 0.85% of Gibson Energy's shares are held by insiders.

About Gibson Energy

Gibson Energy Inc. operates alongside its subsidiaries in the gathering, storing, optimizing, processing, and marketing of various liquids and refined products across Canada and the United States. The company operates through two main segments: Infrastructure and Marketing, with the Infrastructure segment focusing on a comprehensive network of assets including oil terminals, rail loading and unloading facilities, and pipelines dedicated to crude oil processing.

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GibsonEnergy, Earnings, Analyst