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This week’s new 52-week lows… (Dec 12-18)This summary was created by AI, based on 5 opinions in the last 12 months.
Based on the reviews from different experts, it can be concluded that Gear Energy is a small energy company facing challenges in a struggling sector. The stock has potential but has faced negative momentum and a recent dividend cut, causing annoyance among investors. Experts recommend considering it as a source of cash for new ideas, with a possible sale in the future. However, the company's performance in the past year has been relatively strong, and it could benefit from a sector rally.
Seeking strategic alternatives for the second time, aka "looking for a buyer". Dividend is not sustainable. Trading at 2.2x, so a premium on a sale is possible. If no sale, dividend will resize.
Small energy stock that is "for sale".
Recent cut of dividend not good.
Company hoping to take advantage of higher oil prices in order to sell.
Company cheap, but so are other (better) names in sector.
Small energy company (prefers larger companies).
Stock performance done well the past year.
Strong dividend.
Likes WCP and Headwater Exploration more.
It was fashionable to have a flashy dividend, but then energy prices were weaker than people thought. A company should never cut its base dividend.
Small player in energy space ($270 MM market cap).
Believes dividend is sustainable (~11% yield).
Not many large funds buying.
China re-opening will increase oil price and lift share price.
Good for retail investor.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Generally likes the stock. Has done well, yet remains relatively cheap on most metrics. Offers growth and decent dividend. Balance sheet is strong and debt is less than 0.5x current cash flow. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A strong management team should be able to grow a company faster and thus the stock will get expensive. GXE shares were $1.01 in June so a price target of $1.10 is not unreasonable. Unlock Premium - Try 5i Free
Gear Energy is a Canadian stock, trading under the symbol GXE-T on the Toronto Stock Exchange (GXE-CT). It is usually referred to as TSX:GXE or GXE-T
In the last year, 5 stock analysts published opinions about GXE-T. 1 analyst recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Gear Energy.
Gear Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for Gear Energy.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered Gear Energy In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Gear Energy (GXE-T) stock closed at a price of $0.65.
The stock is cheap, and the balance sheet is fine, and it is not without potential. It still pays its (lowered) dividend. It is buying back stock. We would not consider it a disaster, but it is a small company, in a struggling sector, with negative momentum, and annoyed investors (no sale and the dividend cut). The numbers are not hugely reassuring. But a sector rally would likely still move it nicely. It is up 3% YTD despite all the news. We think we would 'target' it for a sale as new ideas show up--i.e. use it a source of cash. But we do not think a sale has to be rushed, immediate, or full. Depending on one's risk profile, a small position could still be kept.
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