Gear Energy Ltd. (TSE:GXE) Director Kevin David Johnson Purchases 26,000 Shares

Gear Energy Ltd. (TSE:GXE) Director Kevin David Johnson acquired 26,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were bought at an average price of C$0.70 per share, with a total value of C$18,200.00.

Gear Energy Trading Down 2.2 %

TSE:GXE opened at C$0.68 on Friday. The firm has a 50 day moving average of C$0.66 and a 200 day moving average of C$0.70. The company has a quick ratio of 0.56, a current ratio of 1.04 and a debt-to-equity ratio of 8.94. Gear Energy Ltd. has a 52 week low of C$0.60 and a 52 week high of C$1.14. The stock has a market capitalization of C$178.33 million, a price-to-earnings ratio of 22.67 and a beta of 3.73.

Gear Energy (TSE:GXE) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C($0.03) earnings per share 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. As a group, sell-side analysts anticipate that Gear Energy Ltd. will post 0.1200686 earnings per share for the current fiscal year.

Gear Energy Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.005 per share. The ex-dividend date is Friday, April 12th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 8.82%. Gear Energy’s payout ratio is 200.00%.

Analyst Ratings Changes

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

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 focused operations on Lloydminster heavy oil, Central Alberta light/medium oil, and Southeast Saskatchewan light oil areas.