Gear Energy Ltd. (TSE:GXE) Plans Monthly Dividend of $0.01

Gear Energy Ltd. (TSE:GXEGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Monday, April 15th will be paid a dividend of 0.005 per share on Tuesday, April 30th. This represents a $0.06 dividend on an annualized basis and a yield of 8.96%. The ex-dividend date of this dividend is Friday, April 12th.

Gear Energy Stock Performance

TSE:GXE opened at C$0.67 on Wednesday. Gear Energy has a twelve month low of C$0.60 and a twelve month high of C$1.15. The company has a current ratio of 1.04, a quick ratio of 0.56 and a debt-to-equity ratio of 8.94. The company has a 50-day moving average of C$0.65 and a 200-day moving average of C$0.71. The firm has a market cap of C$175.71 million, a price-to-earnings ratio of 22.33 and a beta of 3.80.

Gear Energy (TSE:GXEGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C$0.02 by C($0.05). Gear Energy had a net margin of 6.61% and a return on equity of 3.52%. The business had revenue of C$37.52 million for the quarter. Analysts forecast that Gear Energy will post 0.1200717 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, ATB Capital reduced their price objective on shares of Gear Energy from C$1.25 to C$1.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th.

Read Our Latest Stock Analysis on GXE

Gear Energy Company Profile

(Get Free Report)

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 focused operations on Lloydminster heavy oil, Central Alberta light/medium oil, and Southeast Saskatchewan light oil areas.

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Dividend History for Gear Energy (TSE:GXE)

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