Q1 2023 EPS Estimates for Gear Energy Ltd. (TSE:GXE) Cut by Stifel Firstegy

Posted by Defense World Staff on Apr 27th, 2023

Gear Energy Ltd. (TSE:GXE – Get Rating) – Research analysts at Stifel Firstegy cut their Q1 2023 earnings per share (EPS) estimates for shares of Gear Energy in a research report issued to clients and investors on Monday, April 24th. Stifel Firstegy analyst M. Dunn now forecasts that the company will post earnings of $0.01 per share for the quarter, down from their prior estimate of $0.02. Stifel Firstegy currently has a “Hold” rating on the stock. The consensus estimate for Gear Energy’s current full-year earnings is $0.16 per share.

A number of other brokerages have also commented on GXE. Stifel Nicolaus set a C$1.15 price objective on Gear Energy and gave the company a “hold” rating in a report on Friday, January 13th. ATB Capital decreased their price objective on Gear Energy from C$1.80 to C$1.60 in a report on Thursday, January 19th.

Gear Energy Stock Performance

Shares of TSE GXE opened at C$1.02 on Wednesday. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.96 and a quick ratio of 0.56. The stock’s fifty day moving average price is C$1.06 and its two-hundred day moving average price is C$1.13. Gear Energy has a one year low of C$0.90 and a one year high of C$1.73. The firm has a market cap of C$265.91 million, a price-to-earnings ratio of 3.64 and a beta of 4.08.

Gear Energy Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, April 14th will be issued a dividend of $0.01 per share. This represents a $0.12 annualized dividend and a dividend yield of 11.76%. The ex-dividend date is Thursday, April 13th. Gear Energy’s dividend payout ratio (DPR) is currently 42.86%.

About Gear Energy

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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.