Gear Energy (TSE:GXE) had its target price cut by National Bank Financial from C$2.00 to C$1.75 in a research note published on Thursday morning. They currently have an outperform rating on the stock.
Separately, Canaccord Genuity boosted their price objective on shares of Gear Energy from C$1.50 to C$1.75 in a report on Tuesday, July 24th.
TSE GXE traded down C$0.01 during trading on Thursday, reaching C$0.72. The company’s stock had a trading volume of 856,246 shares, compared to its average volume of 376,755. The company has a debt-to-equity ratio of 30.56, a current ratio of 0.83 and a quick ratio of 0.46. Gear Energy has a 12 month low of C$0.63 and a 12 month high of C$1.47.
In other Gear Energy news, Director John O’connell acquired 30,500 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was purchased at an average price of C$1.14 per share, with a total value of C$34,770.00. Insiders acquired a total of 60,090 shares of company stock valued at $68,127 in the last three months.
About Gear Energy
Gear Energy Ltd. engages in acquiring, exploring, developing, and holding interests in petroleum and natural gas properties and assets in Canada. Its core heavy oil producing areas are located in East Central Alberta and West Central Saskatchewan; and light oil producing areas are located Central Alberta.
Featured Story: What is Compound Annual Growth Rate (CAGR)?
Receive News & Ratings for Gear Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gear Energy and related companies with MarketBeat.com's FREE daily email newsletter.