Gear Energy Ltd. (TSE:GXE - Get Free Report) declared a monthly dividend on Friday, November 1st, Zacks reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.005 per share on Friday, November 29th. This represents a $0.06 annualized dividend and a yield of 11.54%. The ex-dividend date is Friday, November 15th.
Gear Energy Stock Down 1.9 %
Shares of Gear Energy stock traded down C$0.01 during trading on Friday, hitting C$0.52. 492,738 shares of the stock were exchanged, compared to its average volume of 394,303. 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 firm's 50-day moving average price is C$0.60 and its 200 day moving average price is C$0.67. The stock has a market cap of C$137.06 million, a price-to-earnings ratio of 10.40 and a beta of 3.52. Gear Energy has a 12-month low of C$0.52 and a 12-month high of C$0.83.
Gear Energy (TSE:GXE - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.04 earnings per share (EPS) for the quarter, hitting 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 analysts' expectations of C$40.20 million. As a group, analysts forecast that Gear Energy will post 0.1399549 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Atb Cap Markets cut Gear Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 15th.
View Our Latest Report on Gear Energy
Insider Activity at Gear Energy
In other news, Director Scott Robinson acquired 74,000 shares of the firm's stock in a transaction dated Thursday, October 3rd. The stock was acquired at an average cost of C$0.59 per share, with a total value of C$43,978.20. 7.62% of the stock is owned by corporate 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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