Gear Energy Ltd (TSE:GXE) – Equities researchers at Cormark issued their Q4 2016 EPS estimates for Gear Energy in a report issued on Tuesday. Cormark analyst G. Ursu expects that the brokerage will post earnings of ($0.01) per share for the quarter. Cormark also issued estimates for Gear Energy’s Q1 2017 earnings at ($0.01) EPS, Q2 2017 earnings at ($0.01) EPS and Q3 2017 earnings at $0.00 EPS.

Earnings History and Estimates for Gear Energy (TSE:GXE)

GXE has been the topic of a number of other research reports. AltaCorp Capital increased their price objective on Gear Energy from C$0.85 to C$1.05 in a report on Friday, September 9th. Desjardins set a C$0.75 price objective on Gear Energy in a report on Tuesday, June 28th. Canaccord Genuity initiated coverage on Gear Energy in a report on Tuesday. They set a “speculative buy” rating and a C$1.00 price objective on the stock. Finally, FirstEnergy Capital reissued an “outperform” rating on shares of Gear Energy in a report on Friday, July 8th.

Shares of Gear Energy (TSE:GXE) traded up 5.13% during midday trading on Wednesday, hitting $0.82. The stock had a trading volume of 1,086,380 shares. Gear Energy has a 12-month low of $0.25 and a 12-month high of $1.08. The firm has a 50-day moving average of $0.73 and a 200 day moving average of $0.65. The firm’s market cap is $156.21 million.

Gear Energy Company Profile

Gear Energy Ltd. is a junior oil and gas company engaged in the exploration for, and the acquisition, development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin, with a focus on heavy oil. The Company’s oil and gas properties are located in Alberta, British Columbia and Saskatchewan.

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