Gear Energy Ltd. (TSE:GXE - Get Free Report) Director Kevin David Johnson bought 333,000 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of C$0.47 per share, with a total value of C$156,110.40.
Gear Energy Price Performance
Shares of GXE remained flat at C$0.48 during mid-day trading on Tuesday. The stock had a trading volume of 198,453 shares, compared to its average volume of 524,855. The company has a market cap of C$125.20 million, a P/E ratio of 9.50 and a beta of 3.52. The company has a 50-day moving average price of C$0.53 and a two-hundred day moving average price of C$0.62. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.56 and a current ratio of 0.95. Gear Energy Ltd. has a one year low of C$0.45 and a one year high of C$0.80.
Gear Energy (TSE:GXE - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 earnings per share for the quarter, missing analysts' consensus estimates of C$0.04 by C($0.01). The company had revenue of C$38.82 million during the quarter, compared to analyst estimates of C$38.70 million. Gear Energy had a return on equity of 5.36% and a net margin of 9.65%. On average, analysts predict that Gear Energy Ltd. will post 0.1399549 earnings per share for the current year.
Gear Energy Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be paid a $0.005 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.06 dividend on an annualized basis and a yield of 12.63%. Gear Energy's payout ratio is presently 120.00%.
Analyst Upgrades and Downgrades
Separately, Atb Cap Markets lowered Gear Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 15th.
Read Our Latest Analysis on Gear Energy
Gear Energy Company Profile
(
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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