Gear Energy Ltd. (TSE:GXE - Get Free Report) Senior Officer Stephen Power bought 157,500 shares of the company's stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average price of C$0.49 per share, for a total transaction of C$76,387.50.
Gear Energy Stock Up 2.1 %
GXE stock traded up C$0.01 during midday trading on Friday, reaching C$0.49. 913,486 shares of the company's stock traded hands, compared to its average volume of 526,410. The company has a market cap of C$127.84 million, a price-to-earnings ratio of 9.70 and a beta of 3.52. The firm's fifty day moving average price is C$0.52 and its 200-day moving average price is C$0.61. The company has a quick ratio of 0.56, a current ratio of 0.95 and a debt-to-equity ratio of 6.26. Gear Energy Ltd. has a 52 week low of C$0.45 and a 52 week high of C$0.80.
Gear Energy (TSE:GXE - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 EPS for the quarter, missing analysts' consensus estimates of C$0.04 by C($0.01). The business had revenue of C$38.82 million for the quarter, compared to the consensus estimate of C$38.70 million. Gear Energy had a net margin of 9.65% and a return on equity of 5.36%. As a group, sell-side analysts forecast that Gear Energy Ltd. will post 0.1399549 earnings per share for the current fiscal year.
Gear Energy Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.005 per share. The ex-dividend date is Monday, December 16th. This represents a $0.06 dividend on an annualized basis and a yield of 12.37%. Gear Energy's dividend payout ratio (DPR) is presently 120.00%.
Wall Street Analysts Forecast Growth
Separately, Atb Cap Markets downgraded shares of Gear Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 15th.
Read Our Latest Research Report on Gear Energy
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's oil properties are located in Central Alberta, West Central Saskatchewan, and Southeast Saskatchewan.
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