Insider Selling: Gear Energy Ltd. (TSE:GXE) Director Sells 12,000 Shares of Stock

Gear Energy Ltd. (TSE:GXEGet Rating) Director William Henry English sold 12,000 shares of the stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of C$1.47, for a total value of C$17,640.00. Following the completion of the sale, the director now directly owns 43,334 shares of the company’s stock, valued at approximately C$63,700.98.

Shares of TSE GXE opened at C$1.47 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.57 and a debt-to-equity ratio of 13.24. The company has a market capitalization of C$383.67 million and a P/E ratio of 4.74. Gear Energy Ltd. has a 12 month low of C$0.53 and a 12 month high of C$1.94. The stock has a 50 day moving average of C$1.55 and a 200-day moving average of C$1.28.

Gear Energy (TSE:GXEGet Rating) last announced its quarterly earnings results on Wednesday, February 16th. The company reported C$0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.03 by C$0.14. The business had revenue of C$39.96 million for the quarter. Analysts predict that Gear Energy Ltd. will post 0.18 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 30th. Stockholders of record on Monday, May 30th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, May 13th. Gear Energy’s payout ratio is presently 12.90%.

A number of analysts have commented on the stock. Stifel Firstegy cut shares of Gear Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 18th. Stifel Nicolaus upped their target price on shares of Gear Energy from C$1.60 to C$1.85 in a report on Thursday, May 5th.

Gear Energy Company Profile (Get Rating)

Gear Energy Ltd., an exploration and production company, acquires, develops, and holds interests in petroleum and natural gas properties and assets in Canada. Its properties include the Celtic/Paradise Hill property located approximately 40 kilometers northeast of Lloydminster Alberta; the Wildmere field situated approximately 200 kilometers southeast of Edmonton, Alberta; the Wilson Creek property located in Central Alberta; and the Tableland property situated southwest of Estevan in Southeast Saskatchewan.

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Insider Buying and Selling by Quarter for Gear Energy (TSE:GXE)

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