Gear Energy Ltd. (TSE:GXE - Get Free Report) dropped 5.4% during trading on Thursday . The company traded as low as C$0.70 and last traded at C$0.70. Approximately 270,038 shares changed hands during trading, a decline of 25% from the average daily volume of 360,597 shares. The stock had previously closed at C$0.74.
Analyst Upgrades and Downgrades
Separately, ATB Capital decreased their target price on 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.
Check Out Our Latest Research Report on GXE
Gear Energy Price Performance
The company has a current ratio of 1.04, a quick ratio of 0.56 and a debt-to-equity ratio of 8.94. The firm has a market cap of C$180.95 million, a price-to-earnings ratio of 23.00 and a beta of 3.80. The stock has a 50-day moving average of C$0.65 and a two-hundred day moving average of C$0.71.
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 (EPS) for the quarter, missing the consensus estimate of C$0.02 by C($0.05). Gear Energy had a net margin of 6.61% and a return on equity of 3.52%. The business had revenue of C$37.52 million during the quarter. On average, analysts anticipate that Gear Energy Ltd. will post 0.1200717 EPS for the current year.
Gear Energy Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 30th will be given a $0.005 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.06 annualized dividend and a dividend yield of 8.70%. Gear Energy's dividend payout ratio is 200.00%.
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 focused operations on Lloydminster heavy oil, Central Alberta light/medium oil, and Southeast Saskatchewan light oil areas.
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