Gear Energy Ltd. (TSE:GXE - Get Free Report) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.005 per share on Friday, May 31st. This represents a $0.06 annualized dividend and a yield of 8.45%. The ex-dividend date is Tuesday, May 14th.
Gear Energy Price Performance
Gear Energy stock remained flat at C$0.71 during mid-day trading on Thursday. 1,288,049 shares of the company's stock traded hands, compared to its average volume of 391,761. The company has a quick ratio of 0.56, a current ratio of 1.10 and a debt-to-equity ratio of 9.40. Gear Energy has a 52-week low of C$0.60 and a 52-week high of C$1.04. The firm's 50 day moving average price is C$0.67 and its two-hundred day moving average price is C$0.68. The firm has a market capitalization of C$187.00 million, a PE ratio of 23.67 and a beta of 3.73.
Gear Energy (TSE:GXE - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C$0.02 by C($0.05). The company had revenue of C$37.52 million during the quarter. Gear Energy had a net margin of 7.00% and a return on equity of 3.81%. As a group, analysts forecast that Gear Energy will post 0.1199324 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, ATB Capital dropped their price target on shares of Gear Energy from C$1.25 to C$1.00 and set an "outperform" rating on the stock in a research report on Thursday, January 18th.
Check Out Our Latest Stock Analysis on GXE
Gear Energy Company Profile
(
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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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