Gear Energy (TSE:GXE) Stock Passes Below 200-Day Moving Average of $0.69

Gear Energy Ltd. (TSE:GXE)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.69 and traded as low as C$0.65. Gear Energy shares last traded at C$0.66, with a volume of 84,869 shares.

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 Stock Up 1.5 %

The company’s fifty day moving average is C$0.66 and its 200-day moving average is C$0.69. The company has a market capitalization of C$173.09 million, a PE ratio of 22.00 and a beta of 3.73. The company has a debt-to-equity ratio of 8.94, a quick ratio of 0.56 and a current ratio of 1.04.

Gear Energy (TSE:GXE) last released its earnings results on Wednesday, February 21st. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of C$37.52 million during the quarter. As a group, analysts predict that Gear Energy Ltd. will post 0.1200686 EPS for the current fiscal year.

Gear Energy Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a $0.005 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.06 dividend on an annualized basis and a yield of 9.09%. Gear Energy’s payout ratio is 200.00%.

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.