Gibson Energy (GEI) Releases Quarterly Earnings, Beats Estimates By $0.06 EPS
Gibson Energy (TSE:GEI) posted its quarterly earnings results on Friday. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.06, American Banking and Market News reports.
Shares of Gibson Energy (TSE:GEI) opened at 33.63 on Friday. Gibson Energy has a 1-year low of $21.53 and a 1-year high of $34.78. The stock has a 50-day moving average of $33.68 and a 200-day moving average of $30.24. The company has a market cap of $4.150 billion and a P/E ratio of 39.16.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 17th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.57%.
Several analysts have recently commented on the stock. Analysts at National Bank Financial raised their price target on shares of Gibson Energy from C$34.00 to C$35.00 in a research note on Thursday. They now have an “outperform” rating on the stock. On a related note, analysts at Scotiabank raised their price target on shares of Gibson Energy from C$31.00 to C$34.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Gibson Energy from C$33.00 to C$35.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$33.57.
Gibson Energy Inc (TSE:GEI) is a Canada-based energy company.
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