Gear Energy Ltd. (TSE:GXE – Free Report) – Analysts at Atb Cap Markets decreased their FY2026 earnings per share estimates for shares of Gear Energy in a report issued on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of ($0.02) per share for the year, down from their prior forecast of ($0.01). The consensus estimate for Gear Energy’s current full-year earnings is $0.12 per share. Atb Cap Markets also issued estimates for Gear Energy’s FY2027 earnings at ($0.03) EPS and FY2028 earnings at ($0.04) EPS.
Separately, ATB Capital dropped their target price on 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 Price Performance
Shares of Gear Energy stock opened at C$0.66 on Wednesday. The stock has a market cap of C$173.09 million, a price-to-earnings 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. The stock has a 50 day moving average price of C$0.66 and a 200-day moving average price of C$0.69. Gear Energy has a one year low of C$0.60 and a one year high of C$1.09.
Gear Energy (TSE:GXE – Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported C($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.05). The firm had revenue of C$37.52 million during the quarter. Gear Energy had a return on equity of 3.52% and a net margin of 6.61%.
Gear Energy Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a dividend of $0.005 per share. This represents a $0.06 dividend on an annualized basis and a yield of 9.09%. The ex-dividend date of this dividend is Friday, April 12th. Gear Energy’s payout ratio is currently 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.
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