Gear Energy Ltd. (TSE:GXE - Get Free Report) Director Don Gray bought 705,500 shares of the firm's stock in a transaction on Friday, May 3rd. The stock was purchased at an average cost of C$0.73 per share, for a total transaction of C$515,015.00.
Don Gray also recently made the following trade(s):
- On Monday, March 11th, Don Gray sold 32,000 shares of Gear Energy stock. The stock was sold at an average price of C$0.66, for a total transaction of C$21,120.00.
Gear Energy Price Performance
Shares of GXE stock opened at C$0.75 on Tuesday. Gear Energy Ltd. has a twelve month low of C$0.60 and a twelve month high of C$1.04. The company has a quick ratio of 0.56, a current ratio of 1.10 and a debt-to-equity ratio of 9.40. The business has a fifty day simple moving average of C$0.67 and a 200 day simple moving average of C$0.68. The company has a market cap of C$197.54 million, a P/E ratio of 25.00 and a beta of 3.73.
Gear Energy (TSE:GXE - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported C($0.03) EPS for the quarter, missing analysts' consensus estimates of C$0.02 by C($0.05). The company had revenue of C$37.52 million during the quarter. Gear Energy had a return on equity of 3.81% and a net margin of 7.00%. On average, sell-side analysts forecast that Gear Energy Ltd. will post 0.1199324 EPS for the current fiscal year.
Gear Energy Announces Dividend
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The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.005 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 8.00%. Gear Energy's payout ratio is presently 200.00%.
Analyst Upgrades and Downgrades
Separately, ATB Capital lowered their price objective on shares of Gear Energy from C$1.25 to C$1.00 and set an "outperform" rating for the company in a research report on Thursday, January 18th.
Read Our Latest Report on GXE
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's oil properties are located in Central Alberta, West Central Saskatchewan, and Southeast Saskatchewan.
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