Research Analysts Issue Forecasts for Gear Energy Ltd’s Q4 2017 Earnings (GXE)
Gear Energy Ltd (TSE:GXE) – Stock analysts at Cormark issued their Q4 2017 EPS estimates for shares of Gear Energy in a note issued to investors on Thursday. Cormark analyst G. Ursu anticipates that the firm will post earnings per share of $0.01 for the quarter.
Other equities analysts also recently issued reports about the stock. Beacon Securities reaffirmed a “buy” rating on shares of Gear Energy in a report on Monday, November 7th. AltaCorp Capital lifted their price objective on shares of Gear Energy from C$0.85 to C$1.05 in a report on Friday, September 9th. Finally, Canaccord Genuity initiated coverage on shares of Gear Energy in a report on Tuesday, October 18th. They set a “speculative buy” rating and a C$1.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$0.88.
Shares of Gear Energy (TSE:GXE) traded up 4.29% during trading on Friday, hitting $0.73. 75,401 shares of the stock traded hands. The stock has a 50 day moving average price of $0.75 and a 200-day moving average price of $0.68. The stock’s market cap is $139.07 million. Gear Energy has a 1-year low of $0.25 and a 1-year high of $0.85.
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.
Receive News & Stock Ratings for Gear Energy Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gear Energy Ltd and related stocks with our FREE daily email newsletter.