FY2017 EPS Estimates for Gear Energy Ltd Lowered by Cormark (GXE)
Gear Energy Ltd (TSE:GXE) – Equities research analysts at Cormark lowered their FY2017 earnings estimates for shares of Gear Energy in a research report issued to clients and investors on Tuesday. Cormark analyst G. Ursu now forecasts that the company will earn $0.03 per share for the year, down from their previous forecast of $0.04. Cormark also issued estimates for Gear Energy’s FY2018 earnings at $0.04 EPS.
Gear Energy (GXE) opened at 0.78 on Thursday. The stock’s market capitalization is $150.46 million. Gear Energy has a 12 month low of $0.60 and a 12 month high of $1.25. The stock has a 50 day moving average price of $0.75 and a 200 day moving average price of $0.75.
In other Gear Energy news, Director John O’connell sold 75,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of C$0.75, for a total transaction of C$56,250.00. Also, insider Jason John Kenneth Kaluski sold 166,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of C$0.75, for a total value of C$124,500.00. Over the last three months, insiders have acquired 600,000 shares of company stock worth $438,000 and have sold 294,180 shares worth $221,731.
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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