Gear Energy Ltd (GXE) Expected to Earn Q4 2016 Earnings of ($0.01) Per Share
Gear Energy Ltd (TSE:GXE) – Analysts at Beacon Securities issued their Q4 2016 earnings per share (EPS) estimates for Gear Energy in a research note issued to investors on Thursday. Beacon Securities analyst L. Dunkley expects that the brokerage will earn ($0.01) per share for the quarter. Beacon Securities has a “Buy” rating on the stock. Beacon Securities also issued estimates for Gear Energy’s FY2017 earnings at $0.04 EPS.
A number of other equities research analysts also recently commented on the stock. Canaccord Genuity started coverage on shares of Gear Energy in a research report on Tuesday, October 18th. They issued a “speculative buy” rating and a C$1.00 price objective for the company. AltaCorp Capital raised their price objective on shares of Gear Energy from C$0.85 to C$1.05 in a research report on Friday, September 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$0.88.
Shares of Gear Energy (TSE:GXE) opened at 0.73 on Monday. The company’s 50 day moving average price is $0.75 and its 200-day moving average price is $0.68. Gear Energy has a 52 week low of $0.25 and a 52 week high of $0.85. The company’s market capitalization is $139.07 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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