Gear Energy (TSE:GXE) Shares Down 3.9% – Should You Sell?

Shares of Gear Energy Ltd. (TSE:GXE) fell 3.9% during trading on Friday . The company traded as low as C$0.49 and last traded at C$0.49. 64,109 shares were traded during mid-day trading, a decline of 87% from the average session volume of 509,457 shares. The stock had previously closed at C$0.51.

Wall Street Analyst Weigh In

Separately, Atb Cap Markets lowered Gear Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th.

Gear Energy Price Performance

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 firm has a market cap of C$129.15 million, a PE ratio of 9.80 and a beta of 3.52. The firm has a 50-day simple moving average of C$0.55 and a 200 day simple moving average of C$0.63.

Gear Energy (TSE:GXE) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.01). Gear Energy had a net margin of 9.65% and a return on equity of 5.36%. The company had revenue of C$38.82 million for the quarter, compared to the consensus estimate of C$38.70 million. As a group, equities analysts expect that Gear Energy Ltd. will post 0.1399549 EPS for the current year.

Gear Energy Announces Dividend

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 issued a $0.005 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.06 annualized dividend and a yield of 12.24%. Gear Energy’s payout ratio is 120.00%.

Insider Buying and Selling

In related news, Director Scott Robinson acquired 74,000 shares of the stock in a transaction dated Thursday, October 3rd. The shares were purchased at an average cost of C$0.59 per share, with a total value of C$43,978.20. 7.62% of the stock is owned by corporate insiders.

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.