Gear Energy Ltd. (TSE:GXE - Get Free Report) Director Kevin David Johnson purchased 26,000 shares of the stock in a transaction dated Friday, April 12th. The shares were purchased at an average price of C$0.70 per share, with a total value of C$18,200.00.
Gear Energy Trading Down 2.2 %
TSE GXE opened at C$0.68 on Friday. The company has a debt-to-equity ratio of 8.94, a quick ratio of 0.56 and a current ratio of 1.04. 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. The firm has a 50 day simple moving average of C$0.66 and a 200-day simple moving average of C$0.70. Gear Energy Ltd. has a one year low of C$0.60 and a one year high of C$1.14.
Gear Energy (TSE:GXE - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported C($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.02 by C($0.05). The business had revenue of C$37.52 million for the quarter. Gear Energy had a return on equity of 3.52% and a net margin of 6.61%. Equities research analysts anticipate that Gear Energy Ltd. will post 0.1200686 EPS for the current fiscal year.
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The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.005 per share. The ex-dividend date is Friday, April 12th. This represents a $0.06 annualized dividend and a yield of 8.82%. Gear Energy's dividend payout ratio (DPR) is 200.00%.
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 on the stock in a research note on Thursday, January 18th.
Get Our Latest Research Report on GXE
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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