Atb Cap Markets Brokers Reduce Earnings Estimates for Gear Energy Ltd. (TSE:GXE)

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

Separately, ATB Capital dropped their target price on Gear Energy from C$1.25 to C$1.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th.

Gear Energy Trading Up 6.0 %

Shares of TSE:GXE opened at C$0.71 on Friday. The stock has a market capitalization of C$186.20 million, a price-to-earnings ratio of 23.67 and a beta of 3.73. 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 stock’s 50-day simple moving average is C$0.66 and its two-hundred day simple moving average is C$0.69. Gear Energy has a 52-week low of C$0.60 and a 52-week high of C$1.07.

Gear Energy (TSE:GXE) last announced its earnings results on Wednesday, February 21st. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.02 by C($0.05). The firm had revenue of C$37.52 million during the quarter. Gear Energy had a return on equity of 3.52% and a net margin of 6.61%.

Gear Energy Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a $0.005 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.06 annualized dividend and a yield of 8.45%. Gear Energy’s payout ratio is 200.00%.

About Gear Energy

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.