Analysts Offer Predictions for Gear Energy Ltd’s Q4 2017 Earnings (GXE)
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.
TRADEMARK VIOLATION NOTICE: This news story was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/05/15/analysts-offer-predictions-for-gear-energy-ltds-q4-2017-earnings-gxe.html.
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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.