Should I buy or sell Gear Energy stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gear Energy in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GXE shares. View GXE analyst ratings or view top-rated stocks .

What is Gear Energy's stock price target for 2024?

2 brokers have issued twelve-month target prices for Gear Energy's stock. Their GXE share price targets range from C$1.00 to C$1.00. On average, they expect the company's stock price to reach C$1.00 in the next year. This suggests a possible upside of 53.8% 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 2024?

Gear Energy's stock was trading at C$0.64 on January 1st, 2024. Since then, GXE shares have increased by 1.6% and is now trading at C$0.65. View the best growth stocks for 2024 here .

When is Gear Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our GXE earnings forecast .

How were Gear Energy's earnings last quarter?

Gear Energy Ltd. (TSE:GXE) posted its quarterly earnings data on Wednesday, February, 21st. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by $0.05. The firm had revenue of $37.52 million for the quarter. Gear Energy had a trailing twelve-month return on equity of 3.52% and a net margin of 6.61%.

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

Gear Energy announced a monthly dividend on Monday, April 1st. Shareholders of record on Monday, April 15th will be given a dividend of 0.005 per share on Tuesday, April 30th. This represents a $0.06 annualized dividend and a dividend yield of 9.23%. The ex-dividend date of this dividend is Friday, April 12th. Read our dividend analysis for GXE .

Is Gear Energy a good dividend stock?

Gear Energy (TSE:GXE) pays an annual dividend of C$0.06 per share and currently has a dividend yield of 8.57%. GXE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 200.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for GXE .

What other stocks do shareholders of Gear Energy own?

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) .

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 .

TSE:GXE

Gear Energy (GXE) Stock Price, News & Analysis

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Free GXE Stock Alerts

C$0.65

-0.01 (-1.52%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$0.65
▼
C$0.67
50-Day Range: C$0.63
▼
C$0.74
52-Week Range: C$0.60
▼
C$1.11

Volume: 136,387 shs
Average Volume: 363,908 shs
Market Capitalization: C$170.46 million

P/E Ratio: 21.67
Dividend Yield: 9.23%
Price Target: C$1.00

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Gear Energy alerts:

Gear Energy MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 53.8% Upside
C$1.00 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.83
Based on 6 Articles This Week
Insider Trading: Selling Shares
C$68,816 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.15 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Gear Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Gear Energy has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for GXE.

1.7

Dividend Strength

Dividend Leadership
Gear Energy is a leading dividend payer. It pays a dividend yield of 8.57%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Gear Energy does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Gear Energy is 200.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GXE.

2.7

News and Social Media Coverage

News Sentiment
Gear Energy has a news sentiment score of 0.83. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Gear Energy this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for GXE on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Gear Energy insiders have sold 278.11% more of their company's stock than they have bought. Specifically, they have bought C$18,200.00 in company stock and sold C$68,816.00 in company stock.
Percentage Held by Insiders
Only 7.06% of the stock of Gear Energy is held by insiders.
Percentage Held by Institutions
Only 2.43% of the stock of Gear Energy is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Gear Energy is 21.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.92.
Price to Earnings Ratio vs. Sector
The P/E ratio of Gear Energy is 21.67, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 98.03.
Price to Book Value per Share Ratio
Gear Energy has a P/B Ratio of 0.72. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Gear Energy Stock (TSE:GXE)

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. Gear Energy Ltd. is headquartered in Calgary, Canada.

GXE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GXE Stock News Headlines

April 13, 2024 | insidertrades.com

Insider Buying: Gear Energy Ltd. (TSE:GXE) Director Buys 26,000 Shares of Stock

March 23, 2024 | insidertrades.com

Gear Energy Ltd. (TSE:GXE) Senior Officer Sells C$18,459.00 in Stock

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April 14, 2024 | americanbankingnews.com

Gear Energy Ltd. (TSE:GXE) Director Kevin David Johnson Purchases 26,000 Shares

April 14, 2024 | americanbankingnews.com

Gear Energy Ltd. (TSE:GXE) Senior Officer Bryan Dozzi Sells 34,300 Shares

April 12, 2024 | americanbankingnews.com

Gear Energy (TSE:GXE) Stock Price Passes Below Two Hundred Day Moving Average of $0.70

April 7, 2024 | finance.yahoo.com

It Might Not Be A Great Idea To Buy Gear Energy Ltd. (TSE:GXE) For Its Next Dividend

March 30, 2024 | msn.com

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April 19, 2024 | Paradigm Press (Ad)

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GXE:CA Gear Energy Ltd.

March 9, 2024 | finance.yahoo.com

Dividend Investors: Don't Be Too Quick To Buy Gear Energy Ltd. (TSE:GXE) For Its Upcoming Dividend

March 8, 2024 | finance.yahoo.com

Gear Energy (TSE:GXE) Is Due To Pay A Dividend Of CA$0.005

February 21, 2024 | wsj.com

Gear Energy Ltd.

February 21, 2024 | finance.yahoo.com

Gear Energy Ltd. Announces Fourth Quarter 2023 Operating Results and Year-End Reserves Summary and the Filing of a Normal Course Issuer Bid

February 9, 2024 | finance.yahoo.com

Gear Energy Ltd. (TSE:GXE) Stock Goes Ex-Dividend In Just Four Days

January 11, 2024 | theglobeandmail.com

Gear Energy: Top 10 Undervalued Energy Sector Stocks on TSX (GXE)

January 5, 2024 | finance.yahoo.com

An Intrinsic Calculation For Gear Energy Ltd. (TSE:GXE) Suggests It's 28% Undervalued

December 1, 2023 | theglobeandmail.com

Gear Energy Ltd. Confirms Monthly Dividend for December of $0.005 per Share

November 29, 2023 | finance.yahoo.com

Investors Will Want Gear Energy's (TSE:GXE) Growth In ROCE To Persist

November 11, 2023 | morningstar.com

Gear Energy Ltd GXE

November 9, 2023 | finance.yahoo.com

Gear Energy Ltd. Announces Third Quarter 2023 Operating Results and 2024 Budget Guidance

November 1, 2023 | theglobeandmail.com

Gear Energy Ltd. Confirms Monthly Dividend for November of $0.005 per Share

October 31, 2023 | theglobeandmail.com

Closing Bell: Gear Energy Ltd flat on Tuesday (GXE)

October 17, 2023 | theglobeandmail.com

Closing Bell: Gear Energy Ltd flat on Monday (GXE)

October 8, 2023 | finance.yahoo.com

Only Four Days Left To Cash In On Gear Energy's (TSE:GXE) Dividend

October 7, 2023 | finance.yahoo.com

Gear Energy's (TSE:GXE) Dividend Will Be CA$0.005

October 5, 2023 | finance.yahoo.com

Gear Energy's (TSE:GXE) investors will be pleased with their incredible 484% return over the last three years

See More Headlines

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Sign-up to receive the latest news and ratings for Gear Energy and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 2/21/2024
Ex-Dividend for 3/29 Dividend: 3/14/2024
Dividend Payable: 3/29/2024
Ex-Dividend for 4/30 Dividend: 4/12/2024
Today: 4/18/2024
Dividend Payable: 4/30/2024
Next Earnings (Estimated): 5/01/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Energy
Industry: Oil & Gas E&P
Sub-Industry: N/A
Current Symbol: TSE:GXE
CUSIP: N/A
CIK: N/A
Web: www.gearenergy.com
Phone: +1-403-5388437
Fax: N/A
Employees: 30
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$1.00
High Stock Price Target: C$1.00
Low Stock Price Target: C$1.00
Potential Upside/Downside: +53.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.03
Trailing P/E Ratio: 21.67
Forward P/E Ratio: 5.41
P/E Growth: N/A
Net Income: C$8.59 million
Net Margins: 6.61%
Pretax Margin: N/A
Return on Equity: 3.52%
Return on Assets: 4.05%

Debt

Debt-to-Equity Ratio: 8.94
Current Ratio: 1.04
Quick Ratio: 0.56

Sales & Book Value

Annual Sales: C$129.82 million
Price / Sales: 1.31
Cash Flow: C$0.00 per share
Price / Cash Flow: 540.00
Book Value: C$0.90 per share
Price / Book: 0.72

Miscellaneous

Outstanding Shares: 262,250,000
Free Float: N/A
Market Cap: C$170.46 million
Optionable: Not Optionable
Beta: 3.73

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Key Executives

Mr. Han-Bom Hwang
CFO & VP of Finance
Mr. Jason Kaluski
Vice President of Operations
Mr. Dustin Ressler
Vice President of Exploration
Mr. Bryan P. Dozzi
Vice President of Engineering
Mr. Kevin Johnson
President, CEO & Director
Mr. Edward Brown LLB
Corporate Secretary

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

GXE Stock Analysis - Frequently Asked Questions

Should I buy or sell Gear Energy stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gear Energy in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GXE shares.
View GXE analyst ratings or view top-rated stocks.
What is Gear Energy's stock price target for 2024?: 2 brokers have issued twelve-month target prices for Gear Energy's stock. Their GXE share price targets range from C$1.00 to C$1.00. On average, they expect the company's stock price to reach C$1.00 in the next year. This suggests a possible upside of 53.8% 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 2024?: Gear Energy's stock was trading at C$0.64 on January 1st, 2024. Since then, GXE shares have increased by 1.6% and is now trading at C$0.65.
View the best growth stocks for 2024 here.
When is Gear Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our GXE earnings forecast.
How were Gear Energy's earnings last quarter?: Gear Energy Ltd. (TSE:GXE) posted its quarterly earnings data on Wednesday, February, 21st. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by $0.05. The firm had revenue of $37.52 million for the quarter. Gear Energy had a trailing twelve-month return on equity of 3.52% and a net margin of 6.61%.

How often does Gear Energy pay dividends? What is the dividend yield for Gear Energy?: Gear Energy announced a monthly dividend on Monday, April 1st. Shareholders of record on Monday, April 15th will be given a dividend of 0.005 per share on Tuesday, April 30th. This represents a $0.06 annualized dividend and a dividend yield of 9.23%. The ex-dividend date of this dividend is Friday, April 12th.
Read our dividend analysis for GXE.
Is Gear Energy a good dividend stock?: Gear Energy (TSE:GXE) pays an annual dividend of C$0.06 per share and currently has a dividend yield of 8.57%. GXE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 200.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for GXE.
What other stocks do shareholders of Gear Energy own?: 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).
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.

This page (TSE:GXE) was last updated on 4/19/2024 by MarketBeat.com Staff

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Gear Energy (GXE) Stock Price, News & Analysis

Gear Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Gear Energy Stock (TSE:GXE)

GXE Stock Price History

GXE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

GXE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™