Gear Energy Ltd. Announces Monthly Dividend of $0.01 (TSE:GXE)

Gear Energy Ltd. (TSE:GXEGet Free Report) announced a monthly dividend on Wednesday, February 14th, TickerTech reports. Shareholders of record on Thursday, February 29th will be given a dividend of 0.005 per share on Thursday, February 29th. This represents a $0.06 annualized dividend and a yield of 9.23%. The ex-dividend date is Wednesday, February 14th.

Gear Energy Stock Up 3.2 %

GXE stock traded up C$0.02 during trading hours on Monday, hitting C$0.65. The company’s stock had a trading volume of 70,428 shares, compared to its average volume of 282,690. The company has a quick ratio of 0.56, a current ratio of 1.01 and a debt-to-equity ratio of 8.48. The company has a market capitalization of C$170.44 million, a PE ratio of 4.06 and a beta of 3.79. Gear Energy has a 12 month low of C$0.60 and a 12 month high of C$1.15. The stock has a 50 day moving average price of C$0.65 and a two-hundred day moving average price of C$0.76.

Gear Energy (TSE:GXEGet Free Report) last posted its quarterly earnings data on Thursday, November 9th. 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 firm had revenue of C$41.41 million for the quarter. Gear Energy had a return on equity of 18.12% and a net margin of 32.96%. On average, equities research analysts expect that Gear Energy will post 0.1400438 earnings per share for the current year.

Wall Street Analyst Weigh In

GXE has been the subject of several recent analyst reports. ATB Capital decreased their price objective on shares of Gear Energy from C$1.25 to C$1.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Atb Cap Markets downgraded shares of Gear Energy from an “outperform” rating to a “sector perform” rating in a report on Thursday, November 9th.

Read Our Latest Analysis on GXE

About Gear Energy

(Get Free Report)

Gear Energy Ltd., an exploration and production company, acquires, develops, and holds interests in petroleum and natural gas properties and assets in Canada. Its properties include the Celtic/Paradise Hill property located approximately 40 kilometers northeast of Lloydminster Alberta; the Wildmere field situated approximately 200 kilometers southeast of Edmonton, Alberta; the Wilson Creek property located in Central Alberta; and the Tableland property situated southwest of Estevan in Southeast Saskatchewan.

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Dividend History for Gear Energy (TSE:GXE)

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