Gear Energy Ltd. (TSE:GXE - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.53 and last traded at C$0.53, with a volume of 321178 shares changing hands. The stock had previously closed at C$0.53.
Analyst Upgrades and Downgrades
Separately, Atb Cap Markets downgraded shares of Gear Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 15th.
View Our Latest Stock Analysis on Gear Energy
Gear Energy Price Performance
The company's 50-day simple moving average is C$0.61 and its 200-day simple moving average is C$0.67. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.95 and a quick ratio of 0.56. The stock has a market capitalization of C$137.06 million, a price-to-earnings ratio of 10.60 and a beta of 3.52.
Gear Energy (TSE:GXE - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.04. Gear Energy had a return on equity of 5.36% and a net margin of 9.65%. The business had revenue of C$40.76 million during the quarter, compared to the consensus estimate of C$40.20 million. Research analysts forecast that Gear Energy Ltd. will post 0.1399549 earnings per share for the current fiscal year.
Gear Energy Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a $0.005 dividend. This represents a $0.06 annualized dividend and a yield of 11.54%. The ex-dividend date is Tuesday, October 15th. Gear Energy's dividend payout ratio (DPR) is 120.00%.
Insiders Place Their Bets
In related news, Director Scott Robinson bought 74,000 shares of the business's stock in a transaction dated Thursday, October 3rd. The stock was purchased at an average cost of C$0.59 per share, for a total transaction of C$43,978.20. Company insiders own 7.62% of the company's stock.
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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