Gear Energy Ltd. (TSE:GXE - Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.51 and traded as high as C$0.52. Gear Energy shares last traded at C$0.50, with a volume of 232,603 shares traded.
Wall Street Analysts Forecast Growth
Separately, Atb Cap Markets cut shares of Gear Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 15th.
Get Our Latest Research Report on Gear Energy
Gear Energy Price Performance
The firm has a market cap of C$131.79 million, a price-to-earnings ratio of 10.00 and a beta of 3.52. The stock has a 50-day moving average of C$0.51 and a 200-day moving average of C$0.59. The company has a current ratio of 0.95, a quick ratio of 0.56 and a debt-to-equity ratio of 6.26.
Gear Energy (TSE:GXE - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of C$38.82 million for the quarter, compared to analyst estimates of C$38.70 million. As a group, sell-side analysts forecast that Gear Energy Ltd. will post 0.1399549 EPS for the current fiscal year.
Gear Energy Announces Dividend
The company also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a $0.005 dividend. This represents a $0.06 annualized dividend and a yield of 12.00%. The ex-dividend date of this dividend was Monday, December 16th. Gear Energy's dividend payout ratio (DPR) is 120.00%.
Insider Activity
In related news, Senior Officer Stephen Power acquired 157,500 shares of Gear Energy stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average price of C$0.49 per share, with a total value of C$76,387.50. Also, Director Kevin David Johnson bought 333,000 shares of the stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of C$0.47 per share, for a total transaction of C$156,110.40. Corporate insiders own 7.62% of the company's stock.
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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