Gear Energy Ltd. (TSE:GXE - Get Free Report) shares reached a new 52-week low on Monday . The company traded as low as C$0.47 and last traded at C$0.48, with a volume of 508418 shares. The stock had previously closed at C$0.49.
Analyst Upgrades and Downgrades
Separately, Atb Cap Markets cut shares of Gear Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 15th.
View Our Latest Stock Report on GXE
Gear Energy Stock Down 2.0 %
The business has a fifty day moving average of C$0.55 and a 200 day moving average of C$0.63. The company has a quick ratio of 0.56, a current ratio of 0.95 and a debt-to-equity ratio of 6.26. The firm has a market cap of C$126.52 million, a P/E ratio of 9.60 and a beta of 3.52.
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). Gear Energy had a net margin of 9.65% and a return on equity of 5.36%. The company had revenue of C$38.82 million during the quarter, compared to the consensus estimate of C$38.70 million. On average, equities research analysts predict that Gear Energy Ltd. will post 0.1399549 EPS for the current year.
Gear Energy Announces Dividend
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 issued a $0.005 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.06 annualized dividend and a dividend yield of 12.50%. Gear Energy's dividend payout ratio (DPR) is currently 120.00%.
Insider Activity
In other Gear Energy news, Director Scott Robinson bought 74,000 shares of the firm's stock in a transaction that occurred on Thursday, October 3rd. The stock was acquired at an average price of C$0.59 per share, with a total value of C$43,978.20. 7.62% of the stock is currently owned by company insiders.
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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