Gear Energy - GXE Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gear Energy in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GXE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GXE, but not buy additional shares or sell existing shares.
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2 Wall Street research analysts have issued 12 month price targets for Gear Energy's shares. Their GXE share price forecasts range from C$1.15 to C$1.60. On average, they predict the company's share price to reach C$1.38 in the next year. This suggests a possible upside of 37.5% from the stock's current price.
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Gear Energy's stock was trading at C$1.13 at the beginning of the year. Since then, GXE stock has decreased by 11.5% and is now trading at C$1.00.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our GXE earnings forecast.

Gear Energy announced a monthly dividend on Wednesday, March 1st. Stockholders of record on Wednesday, March 15th will be given a dividend of 0.01 per share on Friday, March 31st. This represents a $0.12 dividend on an annualized basis and a yield of 12.00%. The ex-dividend date of this dividend is Tuesday, March 14th.
Read our dividend analysis for GXE.

Gear Energy (TSE:GXE) pays an annual dividend of C$0.12 per share and currently has a dividend yield of 12.37%. GXE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 40.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for GXE.

Based on aggregate information from My MarketBeat watchlists, some companies that other Gear Energy investors own include CRH Medical (CRH), Whitecap Resources (WCP), Baytex Energy (BTE), Peyto Exploration & Development (PEY), Bonavista Energy Co. (BNP.TO) (BNP), Bellatrix Exploration (BXE), California Resources (CRC), GAMCO Global Gold, Natural Resources & Income Trust (GGN), Surge Energy (SGY) and Athabasca Oil (ATH).

Gear Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "GXE."

Shares of GXE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of GXE stock can currently be purchased for approximately C$1.00.

Gear Energy (TSE:GXE) has a market capitalization of C$260.70 million and generates C$162.38 million in revenue each year. The company earns C$74.98 million in net income (profit) each year or C$0.30 on an earnings per share basis.

Gear Energy's mailing address is 2600-240 4 Ave SW, CALGARY, AB T2P 4H4, Canada. The official website for the company is www.gearenergy.com. The company can be reached via phone at +1-403-5388437.