Gear Energy Ltd. (TSE:GXE - Get Free Report) Director Kevin David Johnson acquired 26,000 shares of the business's stock in a transaction that occurred on Friday, April 12th. The shares were bought at an average price of C$0.70 per share, with a total value of C$18,200.00.
Gear Energy Stock Down 2.2 %
Gear Energy stock traded down C$0.01 during trading on Friday, reaching C$0.68. 408,462 shares of the company's stock were exchanged, compared to its average volume of 369,043. The company's 50-day moving average is C$0.66 and its two-hundred day moving average is C$0.70. The company has a debt-to-equity ratio of 8.94, a quick ratio of 0.56 and a current ratio of 1.04. Gear Energy Ltd. has a 52-week low of C$0.60 and a 52-week high of C$1.14. The firm has a market cap of C$178.33 million, a price-to-earnings ratio of 22.67 and a beta of 3.73.
Gear Energy (TSE:GXE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C($0.03) EPS for the quarter, missing analysts' consensus estimates of C$0.02 by C($0.05). Gear Energy had a return on equity of 3.52% and a net margin of 6.61%. The firm had revenue of C$37.52 million during the quarter. On average, analysts predict that Gear Energy Ltd. will post 0.1200686 earnings per share for the current year.
Gear Energy Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $0.005 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 8.82%. Gear Energy's dividend payout ratio (DPR) is presently 200.00%.
Wall Street Analysts Forecast Growth
Separately, ATB Capital lowered their target price on shares of Gear Energy from C$1.25 to C$1.00 and set an "outperform" rating for the company in a research note on Thursday, January 18th.
Read Our Latest Stock Report on Gear Energy
About Gear Energy
(
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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 focused operations on Lloydminster heavy oil, Central Alberta light/medium oil, and Southeast Saskatchewan light oil areas.
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