Gear Energy Ltd. (TSE:GXE) Senior Officer Acquires C$76,387.50 in Stock

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

Gear Energy Stock Performance

Shares of GXE stock opened at C$0.49 on Monday. The company’s fifty day moving average price is C$0.52 and its 200-day moving average price is C$0.61. The stock has a market cap of C$127.84 million, a PE ratio of 9.70 and a beta of 3.52. The company has a current ratio of 0.95, a quick ratio of 0.56 and a debt-to-equity ratio of 6.26. Gear Energy Ltd. has a 12 month low of C$0.45 and a 12 month high of C$0.80.

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

Gear Energy Announces Dividend

The business also recently disclosed 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. This represents a $0.06 dividend on an annualized basis and a yield of 12.37%. The ex-dividend date of this dividend is Monday, December 16th. Gear Energy’s dividend payout ratio (DPR) is presently 120.00%.

Wall Street Analyst Weigh In

Separately, Atb Cap Markets downgraded Gear Energy from a “strong-buy” rating to a “hold” rating in a report 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.