Equities Analysts Offer Predictions for Gear Energy Ltd’s FY2020 Earnings (GXE)

Equities Analysts Offer Predictions for Gear Energy Ltd’s FY2020 Earnings (GXE)

Gear Energy Ltd (TSE:GXE) – Investment analysts at National Bank Financial issued their FY2020 EPS estimates for Gear Energy in a research note issued on Wednesday, May 8th, Zacks Investment Research reports. National Bank Financial analyst J. Hunt forecasts that the company will post earnings per share of $0.11 for the year. National Bank Financial has a “Outperform” rating and a $1.10 price target on the stock.

Separately, Cormark upped their price objective on Gear Energy from C$0.90 to C$1.15 in a research note on Tuesday, April 23rd.

Shares of GXE stock traded down C$0.01 during trading hours on Monday, hitting C$0.59. The company had a trading volume of 102,580 shares, compared to its average volume of 246,311. Gear Energy has a 12 month low of C$0.44 and a 12 month high of C$1.47. The firm has a market cap of $131.46 million and a P/E ratio of 49.17. The company has a current ratio of 1.21, a quick ratio of 0.67 and a debt-to-equity ratio of 50.87.

In other Gear Energy news, Director Don Gray bought 107,000 shares of Gear Energy stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average cost of C$0.61 per share, with a total value of C$65,270.00. Following the acquisition, the director now directly owns 4,650,234 shares of the company’s stock, valued at C$2,836,642.74.

About Gear Energy

Gear Energy Ltd. acquires, develops, and holds interests in petroleum and natural gas properties and assets in Canada. Its oil-focused operations are located in three core areas, including Lloydminster heavy oil, Central Alberta light/medium oil, and Southeast Saskatchewan light oil. The company is headquartered in Calgary, Canada.

error: Content is protected !!