Don Gray Acquires 1,953,000 Shares of Gear Energy Ltd. (TSE:GXE) Stock

Gear Energy Ltd. (TSE:GXE) Director Don Gray bought 1,953,000 shares of Gear Energy stock in a transaction dated Monday, January 27th. The stock was purchased at an average cost of C$0.50 per share, for a total transaction of C$976,500.00.

Gear Energy Trading Up 3.0 %

GXE stock opened at C$0.51 on Tuesday. The firm has a market cap of C$134.43 million, a PE ratio of 10.20 and a beta of 3.52. The firm has a fifty day moving average price of C$0.51 and a 200 day moving average price of C$0.59. 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 Ltd. has a fifty-two week low of C$0.45 and a fifty-two week high of C$0.80.

Gear Energy (TSE:GXE) last issued 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 business had revenue of C$38.82 million during the quarter, compared to analysts’ expectations of C$38.70 million. Gear Energy had a return on equity of 5.36% and a net margin of 9.65%. Sell-side analysts anticipate that Gear Energy Ltd. will post 0.1399549 earnings per share for the current fiscal year.

Gear Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.005 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.06 dividend on an annualized basis and a yield of 11.76%. Gear Energy’s dividend payout ratio (DPR) is presently 120.00%.

Analyst Ratings Changes

Separately, Atb Cap Markets cut 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.