Gear Energy Ltd. Forecasted to Post FY2025 Earnings of $0.07 Per Share (TSE:GXE)

Gear Energy Ltd. (TSE:GXE) – Research analysts at Atb Cap Markets dropped their FY2025 earnings per share estimates for Gear Energy in a report issued on Wednesday, April 24th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings per share of $0.07 for the year, down from their prior estimate of $0.08. The consensus estimate for Gear Energy’s current full-year earnings is $0.12 per share.

Gear Energy (TSE:GXE) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C($0.03) EPS for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.05). Gear Energy had a return on equity of 3.52% and a net margin of 6.61%. The business had revenue of C$37.52 million for the quarter.

Separately, ATB Capital reduced their price target 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 Stock Performance

Gear Energy stock traded up C$0.02 during midday trading on Friday, reaching C$0.69. 251,879 shares of the company’s stock were exchanged, compared to its average volume of 352,148. Gear Energy has a 52 week low of C$0.60 and a 52 week high of C$1.07. 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 firm has a market cap of C$180.95 million, a price-to-earnings ratio of 22.33 and a beta of 3.73. The stock’s 50-day simple moving average is C$0.66 and its 200 day simple moving average is C$0.69.

Gear Energy Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders 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 dividend yield of 8.70%. The ex-dividend date of this dividend is Friday, April 12th. Gear Energy’s dividend payout ratio is presently 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.