Gear Energy Ltd (TSE:GXE) – Analysts at Beacon Securities reduced their Q4 2017 earnings estimates for shares of Gear Energy in a research report issued to clients and investors on Thursday. Beacon Securities analyst L. Dunkley now forecasts that the company will post earnings of $0.01 per share for the quarter, down from their previous estimate of $0.02.

Separately, Desjardins reaffirmed a “hold” rating and issued a C$1.10 price target on shares of Gear Energy in a research note on Thursday, February 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Gear Energy currently has a consensus rating of “Buy” and a consensus price target of C$1.05.

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

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Gear Energy (TSE:GXE) opened at 0.825 on Monday. The firm’s market cap is $159.14 million. Gear Energy has a 52 week low of $0.54 and a 52 week high of $1.25. The stock has a 50 day moving average of $0.85 and a 200 day moving average of $0.90.

About Gear Energy

Gear Energy Ltd. is an exploration and production company with heavy and light oil production in Central Alberta and West Central Saskatchewan. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. The Company’s properties include Paradise Hill, Wildmere Cummings, Wilson Creek and Hoosier.

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