Gear Energy Ltd. (TSE:GXE) Forecasted to Post FY2025 Earnings of $0.07 Per Share

Gear Energy Ltd. (TSE:GXE) – Stock analysts at Atb Cap Markets dropped their FY2025 earnings estimates for shares of Gear Energy in a note issued to investors on Wednesday, April 24th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings of $0.07 per share for the year, down from their prior forecast of $0.08. The consensus estimate for Gear Energy’s current full-year earnings is $0.12 per share.

Separately, ATB Capital dropped their target price on shares of Gear Energy from C$1.25 to C$1.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th.

Gear Energy Stock Up 6.0 %

TSE GXE opened at C$0.71 on Friday. The company’s 50 day simple moving average is C$0.66 and its 200 day simple moving average is C$0.69. The company has a market capitalization of C$186.20 million, a P/E ratio of 23.67 and a beta of 3.73. The company has a debt-to-equity ratio of 8.94, a current ratio of 1.04 and a quick ratio of 0.56. Gear Energy has a 12 month low of C$0.60 and a 12 month high of C$1.07.

Gear Energy (TSE:GXE) last released its earnings results on Wednesday, February 21st. The company reported C($0.03) EPS for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.05). Gear Energy had a return on equity of 3.52% and a net margin of 6.61%. The business had revenue of C$37.52 million during the quarter.

Gear Energy Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a $0.005 dividend. This represents a $0.06 annualized dividend and a dividend yield of 8.45%. The ex-dividend date is Friday, April 12th. Gear Energy’s dividend payout ratio (DPR) is currently 200.00%.

About Gear Energy

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.