Gear Energy Ltd. (TSE:GXE) Director Buys C$976,500.00 in Stock

Gear Energy Ltd. (TSE:GXE) Director Don Gray bought 1,953,000 shares of the stock in a transaction on 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 Price Performance

Shares of GXE stock opened at C$0.50 on Thursday. 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. The stock has a market cap of C$131.79 million, a P/E ratio of 10.00 and a beta of 3.52. The company has a 50 day simple moving average of C$0.51 and a two-hundred day simple moving average of C$0.58.

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). The company 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%. On average, research analysts expect that Gear Energy Ltd. will post 0.1399549 earnings per share for the current year.

Gear Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.005 per share. The ex-dividend date was Monday, December 16th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 12.00%. Gear Energy’s payout ratio is currently 120.00%.

Wall Street Analysts Forecast Growth

Separately, Atb Cap Markets lowered shares of Gear Energy from a “strong-buy” rating to a “hold” rating in a research 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.