Gear Energy Ltd. (TSE:GXE) Director Kevin David Johnson Acquires 333,000 Shares

Gear Energy Ltd. (TSE:GXE) Director Kevin David Johnson purchased 333,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of C$0.47 per share, with a total value of C$156,110.40.

Gear Energy Stock Performance

Shares of TSE GXE remained flat at C$0.48 during midday trading on Tuesday. 186,453 shares of the company’s stock were exchanged, compared to its average volume of 524,795. Gear Energy Ltd. has a fifty-two week low of C$0.45 and a fifty-two week high of C$0.80. 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 company has a market cap of C$125.20 million, a PE ratio of 9.50 and a beta of 3.52. The company’s 50-day moving average is C$0.53 and its 200-day moving average is C$0.62.

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 firm had revenue of C$38.82 million for 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%. Analysts predict that Gear Energy Ltd. will post 0.1399549 earnings per share for the current year.

Gear Energy Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.005 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.06 dividend on an annualized basis and a yield of 12.63%. Gear Energy’s dividend payout ratio (DPR) is presently 120.00%.

Analyst Ratings Changes

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.