Insider Buying: Gear Energy Ltd. (TSE:GXE) Senior Officer Acquires 157,500 Shares of Stock

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

Gear Energy Price Performance

Shares of TSE:GXE opened at C$0.49 on Monday. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.56 and a current ratio of 0.95. The firm has a market cap of C$127.84 million, a price-to-earnings ratio of 9.70 and a beta of 3.52. The business has a 50-day simple moving average of C$0.52 and a two-hundred day simple moving average of C$0.61. 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 released its quarterly earnings data on Thursday, November 7th. The company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.01). Gear Energy had a net margin of 9.65% and a return on equity of 5.36%. The company had revenue of C$38.82 million for the quarter, compared to analysts’ expectations of C$38.70 million. On average, analysts expect that Gear Energy Ltd. will post 0.1399549 earnings per share for the current year.

Gear Energy Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.005 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 12.37%. Gear Energy’s dividend payout ratio (DPR) is currently 120.00%.

Analysts Set New Price Targets

Separately, Atb Cap Markets cut 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.