Gear Energy Ltd. (TSE:GXE - Get Free Report) Senior Officer Stephen Power acquired 157,500 shares of the business's stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average price of C$0.49 per share, with a total value of C$76,387.50.
Gear Energy Stock Performance
Shares of Gear Energy stock opened at C$0.49 on Friday. Gear Energy Ltd. has a 52 week low of C$0.45 and a 52 week high of C$0.80. The stock's fifty day moving average is C$0.52 and its two-hundred day moving average is C$0.61. The company has a market capitalization of C$127.84 million, a PE ratio of 9.70 and a beta of 3.52. The company has a quick ratio of 0.56, a current ratio of 0.95 and a debt-to-equity ratio of 6.26.
Gear Energy (TSE:GXE - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.01). Gear Energy had a net margin of 9.65% and a return on equity of 5.36%. The business had revenue of C$38.82 million during the quarter, compared to the consensus estimate of C$38.70 million. As a group, analysts expect that Gear Energy Ltd. will post 0.1399549 earnings per share for the current year.
Gear Energy Announces Dividend
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The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.005 per share. The ex-dividend date is Monday, December 16th. This represents a $0.06 annualized dividend and a yield of 12.37%. Gear Energy's dividend payout ratio (DPR) is 120.00%.
Wall Street Analysts Forecast Growth
Separately, Atb Cap Markets downgraded shares of Gear Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 15th.
Check Out Our Latest Stock Analysis on Gear Energy
About Gear Energy
(
Get Free Report)
Gear Energy Ltd., an exploration and production company, engages in the acquiring, developing, and holding of interests in petroleum and natural gas properties and assets in Canada. The company's oil properties are located in Central Alberta, West Central Saskatchewan, and Southeast Saskatchewan.
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