Stephen Power Acquires 157,500 Shares of Gear Energy Ltd. (TSE:GXE) Stock

Gear Energy Ltd. (TSE:GXE) Senior Officer Stephen Power acquired 157,500 shares of Gear Energy stock in a transaction on Friday, December 27th. The stock was purchased at an average price of C$0.49 per share, with a total value of C$76,387.50.

Gear Energy Trading Up 2.1 %

Shares of GXE stock opened at C$0.49 on Friday. The firm has a fifty day moving average of C$0.52 and a 200-day moving average of C$0.61. The stock has a market cap of C$127.84 million, a price-to-earnings ratio of 9.70 and a beta of 3.52. Gear Energy Ltd. has a 52-week low of C$0.45 and a 52-week high of C$0.80. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.56 and a current ratio of 0.95.

Gear Energy (TSE:GXE) last posted 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). The business had revenue of C$38.82 million during the quarter, compared to analyst estimates of C$38.70 million. Gear Energy had a return on equity of 5.36% and a net margin of 9.65%. On average, equities research analysts forecast that Gear Energy Ltd. will post 0.1399549 earnings per share for the current fiscal year.

Gear Energy Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.005 per share. The ex-dividend date is Monday, December 16th. This represents a $0.06 annualized dividend and a dividend yield of 12.37%. Gear Energy’s dividend payout ratio (DPR) is presently 120.00%.

Wall Street Analyst Weigh In

Separately, Atb Cap Markets lowered Gear Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th.

Gear Energy Company Profile

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.