Scott Robinson Acquires 100,000 Shares of Gear Energy Ltd. (TSE:GXE) Stock

Gear Energy Ltd. (TSE:GXE) Director Scott Robinson bought 100,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of C$0.51 per share, with a total value of C$51,000.00.

Gear Energy Price Performance

GXE remained flat at C$0.51 on Friday. 350,469 shares of the company were exchanged, compared to its average volume of 543,361. Gear Energy Ltd. has a 52-week low of C$0.45 and a 52-week high of C$0.80. The company has a market cap of C$134.43 million, a PE ratio of 10.20 and a beta of 3.52. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.95 and a quick ratio of 0.56. The stock’s 50-day simple moving average is C$0.51 and its 200-day simple moving average is C$0.58.

Gear Energy (TSE:GXE) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of C$38.70 million. As a group, analysts expect that Gear Energy Ltd. will post 0.1399549 earnings per share for the current fiscal year.

Gear Energy Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.005 dividend. The ex-dividend date 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%.

Wall Street Analysts Forecast Growth

Separately, Atb Cap Markets cut 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.