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 on Friday, January 31st. The shares were acquired at an average cost of C$0.51 per share, with a total value of C$51,000.00.

Gear Energy Stock Performance

Shares of GXE stock opened at C$0.51 on Friday. The stock has a market cap of C$134.43 million, a PE ratio of 10.20 and a beta of 3.52. The stock has a 50-day moving average of C$0.51 and a 200-day moving average of C$0.58. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.95 and a quick ratio of 0.56. Gear Energy Ltd. has a one year low of C$0.45 and a one year high of C$0.80.

Gear Energy (TSE:GXE) last posted its earnings results 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 return on equity of 5.36% and a net margin of 9.65%. The firm had revenue of C$38.82 million during the quarter, compared to analyst estimates of C$38.70 million. As a group, sell-side analysts expect that Gear Energy Ltd. will post 0.1399549 earnings per share for the current year.

Gear Energy Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.005 per share. The ex-dividend date was Monday, December 16th. This represents a $0.06 annualized dividend and a yield of 11.76%. Gear Energy’s dividend payout ratio is presently 120.00%.

Wall Street Analysts Forecast Growth

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