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

Gear Energy Ltd. (TSE:GXE) Senior Officer Stephen Power purchased 157,500 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were purchased at an average cost of C$0.49 per share, with a total value of C$76,387.50.

Gear Energy Price Performance

Shares of GXE stock opened at C$0.49 on Friday. Gear Energy Ltd. has a 1 year low of C$0.45 and a 1 year high of C$0.80. The company has a current ratio of 0.95, a quick ratio of 0.56 and a debt-to-equity ratio of 6.26. The firm’s 50 day moving average is C$0.52 and its 200-day moving average is C$0.61. The firm has a market capitalization of C$127.84 million, a price-to-earnings ratio of 9.70 and a beta of 3.52.

Gear Energy (TSE:GXE) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.01). The firm had revenue of C$38.82 million during the quarter, compared to the consensus estimate of C$38.70 million. Gear Energy had a net margin of 9.65% and a return on equity of 5.36%. Sell-side analysts forecast that Gear Energy Ltd. will post 0.1399549 EPS for the current fiscal year.

Gear Energy Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 dividend on an annualized basis and a yield of 12.37%. Gear Energy’s payout ratio is presently 120.00%.

Analysts Set New Price Targets

Separately, Atb Cap Markets cut shares of 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.