Gear Energy (GXE) Stock Price, News & Analysis

Company Overview

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. Gear Energy Ltd. is headquartered in Calgary, Canada.

Key Stats

• Today's Range: C$0.47 to C$0.48
• 50-Day Range: C$0.45 to C$0.62
• 52-Week Range: C$0.45 to C$0.80
• Volume: 624,744 shs
• Average Volume: 525,336 shs
• Market Capitalization: C$123.88 million
• P/E Ratio: 9.40
• Dividend Yield: 12.77%
• Price Target: C$1.00
• Consensus Rating: Moderate Buy

Gear Energy Stock Analysis - MarketRank™

Gear Energy scored higher than 60% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Gear Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Gear Energy has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Gear Energy is 9.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of Gear Energy is 9.40, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 97.72.

Price to Book Value per Share Ratio

Gear Energy has a P/B Ratio of 0.51. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for GXE.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Gear Energy is a leading dividend payer. It pays a dividend yield of 9.68%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Gear Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Gear Energy is 120.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for GXE.

News and Social Media

• Score: 1.2 / 5
• News Sentiment: N/A

News Sentiment

Gear Energy has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Gear Energy this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Gear Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$43,978.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

Only 7.62% of the stock of Gear Energy is held by insiders.

Percentage Held by Institutions

Only 2.42% of the stock of Gear Energy is held by institutions.

GXE Stock Analysis - Frequently Asked Questions

How have GXE shares performed this year?

Gear Energy's stock was trading at C$0.64 at the start of the year. Since then, GXE stock has decreased by 26.6% and is now trading at C$0.47.
View the best growth stocks for 2024 here.

How were Gear Energy's earnings last quarter?

Gear Energy Ltd. (TSE:GXE) posted its quarterly earnings data on Thursday, November, 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. The firm earned $38.82 million during the quarter, compared to analyst estimates of $38.70 million. Gear Energy had a trailing twelve-month return on equity of 5.36% and a net margin of 9.65%.

How do I buy shares of Gear Energy?

Shares of GXE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Gear Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Gear Energy investors own include Enbridge (ENB), Whitecap Resources (WCP), Tamarack Valley Energy (TVE), Bank of Nova Scotia (BNS), Cenovus Energy (CVE), Birchcliff Energy (BIR) and Baytex Energy (BTE).

Company Calendar

• Last Earnings: 11/07/2024
• Ex-Dividend for 11/29 Dividend: 11/15/2024
• Dividend Payable: 11/29/2024
• Ex-Dividend for 12/31 Dividend: 12/16/2024
• Today: 12/21/2024
• Dividend Payable: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas E&P
• Sub-Industry: Pharmaceutical Products
• Current Symbol: TSE:GXE
• CUSIP: N/A
• CIK: N/A
• Web: www.gearenergy.com
• Phone: +1-403-5388437
• Fax: N/A
• Employees: 1,310
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$1.00
• High Stock Price Target: C$1.00
• Low Stock Price Target: C$1.00
• Potential Upside/Downside: +112.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.05
• Trailing P/E Ratio: 9.40
• Forward P/E Ratio: 3.36
• P/E Growth: N/A
• Net Income: C$13.02 million
• Net Margins: 9.65%
• Pretax Margin: N/A
• Return on Equity: 5.36%
• Return on Assets: 4.84%

Debt

• Debt-to-Equity Ratio: 6.26
• Current Ratio: 0.95
• Quick Ratio: 0.56

Sales & Book Value

• Annual Sales: C$134.93 million
• Price / Sales: 0.92
• Cash Flow: C$0.00 per share
• Price / Cash Flow: 540.00
• Book Value: C$0.92 per share
• Price / Book: 0.51

Miscellaneous

• Outstanding Shares: 263,580,000
• Free Float: N/A
• Market Cap: C$123.88 million
• Optionable: Not Optionable
• Beta: 3.52