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Average 126% gains – NO losers!?   (Ad)pixel
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Average 126% gains – NO losers!?   (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
Average 126% gains – NO losers!?   (Ad)pixel
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Italy's Lake Garda shrinks to near-historic low amid drought
Average 126% gains – NO losers!?   (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
Average 126% gains – NO losers!?   (Ad)pixel
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Italy's Lake Garda shrinks to near-historic low amid drought
Average 126% gains – NO losers!?   (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
Average 126% gains – NO losers!?   (Ad)pixel
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Italy's Lake Garda shrinks to near-historic low amid drought
Average 126% gains – NO losers!?   (Ad)pixel
TSE:GXE

Gear Energy - GXE Stock Forecast, Price & News

C$1.34
-0.06 (-4.29%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
C$1.33
C$1.38
50-Day Range
C$1.04
C$1.58
52-Week Range
C$0.53
C$1.94
Volume
1.16 million shs
Average Volume
2.39 million shs
Market Capitalization
C$345.95 million
P/E Ratio
3.05
Dividend Yield
2.14%
Price Target
C$1.38

Gear Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
2.6% Upside
C$1.38 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
C$155,341 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.71 out of 5 stars

GXE stock logo

About Gear Energy (TSE:GXE) Stock

Gear Energy Ltd., an exploration and production company, acquires, develops, and holds interests in petroleum and natural gas properties and assets in Canada. Its properties include the Celtic/Paradise Hill property located approximately 40 kilometers northeast of Lloydminster Alberta; the Wildmere field situated approximately 200 kilometers southeast of Edmonton, Alberta; the Wilson Creek property located in Central Alberta; and the Tableland property situated southwest of Estevan in Southeast Saskatchewan. As of December 31, 2021, the company's Celtic/Paradise Hill property had proved plus probable reserves of 4,047 thousand barrels (Mbbls) of heavy crude oil; the Wildmere field had proved plus probable reserves of 3,405 Mbbls of heavy crude oil and 1.4 billion cubic feet (Bcf) of natural gas; the Wilson Creek property comprised of proved plus probable reserves of 3,318 Mbbls of light crude oil and natural gas liquids (NGLs), and 6.2 Bcf of natural gas; and the Tableland property had proved plus probable reserves of 5,315 Mbbls of light crude oil and NGLs, and 3.5 BCF of natural gas. Gear Energy Ltd. is headquartered in Calgary, Canada.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GXE shares. Stifel Nicolaus decreased their target price on shares of Gear Energy from C$1.75 to C$1.55 in a research note on Wednesday, August 3rd. Stifel Firstegy raised Gear Energy from a "hold" rating to a "buy" rating in a report on Tuesday, August 2nd.

Gear Energy Price Performance

Shares of TSE:GXE opened at C$1.34 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 2.07. The stock has a market capitalization of C$345.95 million and a PE ratio of 3.05. The firm's 50 day moving average price is C$1.27 and its 200-day moving average price is C$1.45. Gear Energy has a twelve month low of C$0.53 and a twelve month high of C$1.94.

Gear Energy Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 31st will be given a $0.02 dividend. The ex-dividend date is Friday, August 12th. This represents a $0.24 annualized dividend and a yield of 17.91%. Gear Energy's payout ratio is presently 2.27%.

Insider Transactions at Gear Energy

In other news, Senior Officer Jason John Kenneth Kaluski sold 40,200 shares of the company's stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of C$1.54, for a total value of C$61,908.00. Following the completion of the sale, the insider now directly owns 403,259 shares in the company, valued at approximately C$621,018.86. In other news, Senior Officer Han-Bom David Hwang bought 42,000 shares of Gear Energy stock in a transaction that occurred on Thursday, June 9th. The stock was bought at an average cost of C$1.53 per share, with a total value of C$64,260.00. Following the acquisition, the insider now owns 1,011,275 shares of the company's stock, valued at approximately C$1,547,250.75. Also, Senior Officer Jason John Kenneth Kaluski sold 40,200 shares of Gear Energy stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of C$1.54, for a total transaction of C$61,908.00. Following the transaction, the insider now directly owns 403,259 shares in the company, valued at approximately C$621,018.86. In the last 90 days, insiders have acquired 102,780 shares of company stock worth $155,341 and have sold 60,100 shares worth $92,346.

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GXE Stock News Headlines

Gear Energy (TSE:GXE) Upgraded at Stifel Firstegy
Gear Energy Ltd. (GENGF)
ERC sets Q2 timeline for GEAR pricing
Here's what Wall Street expects from Gear Energy's earnings
See More Headlines
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GXE Company Calendar

Ex-Dividend for 5/30 Dividend
5/13/2022
Dividend Payable
5/30/2022
Ex-Dividend for 8/31 Dividend
8/12/2022
Today
8/13/2022
Dividend Payable
8/31/2022
Next Earnings (Estimated)
11/02/2022

Industry, Sector and Symbol

Industry
Oil & Gas E&P
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
29
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$1.38
High Stock Price Forecast
C$1.55
Low Stock Price Forecast
C$1.20
Forecasted Upside/Downside
+2.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$156.75 million
Cash Flow
C$0.01 per share
Book Value
C$0.86 per share

Miscellaneous

Free Float
N/A
Market Cap
C$345.95 million
Optionable
Not Optionable
Beta
N/A














GXE Stock - Frequently Asked Questions

Should I buy or sell Gear Energy stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gear Energy in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GXE shares.
View GXE analyst ratings
or view top-rated stocks.

What is Gear Energy's stock price forecast for 2022?

2 equities research analysts have issued 1 year price objectives for Gear Energy's shares. Their GXE share price forecasts range from C$1.20 to C$1.55. On average, they expect the company's stock price to reach C$1.38 in the next year. This suggests a possible upside of 2.6% from the stock's current price.
View analysts price targets for GXE
or view top-rated stocks among Wall Street analysts.

How have GXE shares performed in 2022?

Gear Energy's stock was trading at C$0.91 at the start of the year. Since then, GXE shares have increased by 47.3% and is now trading at C$1.34.
View the best growth stocks for 2022 here
.

When is Gear Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our GXE earnings forecast
.

How often does Gear Energy pay dividends? What is the dividend yield for Gear Energy?

Gear Energy declared a monthly dividend on Friday, August 12th. Shareholders of record on Wednesday, August 31st will be given a dividend of 0.02 per share on Wednesday, August 31st. This represents a $0.24 annualized dividend and a dividend yield of 17.91%. The ex-dividend date of this dividend is Friday, August 12th.
Read our dividend analysis for GXE
.

Is Gear Energy a good dividend stock?

Gear Energy (TSE:GXE) pays an annual dividend of C$0.01 per share and currently has a dividend yield of 2.14%. The dividend payout ratio is 2.27%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for GXE.

What other stocks do shareholders of Gear Energy own?

What is Gear Energy's stock symbol?

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

How do I buy shares of Gear Energy?

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.
Compare Top Brokerages Here.

What is Gear Energy's stock price today?

One share of GXE stock can currently be purchased for approximately C$1.34.

How much money does Gear Energy make?

Gear Energy (TSE:GXE) has a market capitalization of C$345.95 million and generates C$156.75 million in revenue each year.

How can I contact Gear Energy?

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.

This page (TSE:GXE) was last updated on 8/13/2022 by MarketBeat.com Staff

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