Kevin David Johnson Purchases 333,000 Shares of Gear Energy Ltd. (TSE:GXE) Stock

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

Gear Energy Price Performance

Gear Energy stock opened at C$0.48 on Thursday. The firm has a market capitalization of C$125.20 million, a P/E ratio of 9.50 and a beta of 3.52. Gear Energy Ltd. has a one year low of C$0.45 and a one year high of C$0.80. 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 business has a fifty day moving average price of C$0.53 and a 200-day moving average price of C$0.62.

Gear Energy (TSE:GXE) last issued its earnings results 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). Gear Energy had a return on equity of 5.36% and a net margin of 9.65%. The company had revenue of C$38.82 million during the quarter, compared to the consensus estimate of C$38.70 million. As a group, equities research analysts forecast that Gear Energy Ltd. will post 0.1399549 EPS for the current year.

Gear Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Atb Cap Markets downgraded shares of 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.