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Commentary (17 Apr 2024 @ 15:59):

Gear Energy Ltd., an exploration and production company, acquires, develops, and holds interests in petroleum and natural gas properties and assets in Canada...

Stats
Today's Volume	274 884
Average Volume	377 854
Market Cap	173.09M
EPS	$0 ( 2024-02-20 )
Next earnings date	( $0.0200 ) 2024-04-30
Last Dividend	$0.00500 ( 2023-09-14 )
Next Dividend	$0 ( N/A )
P/E	22.00
ATR14	$0.00300 (0.45%)

Gear Energy Ltd Correlation

10 Most Positive Correlations

10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Gear Energy Ltd Correlation - Currency/Commodity

-0.57
( weak negative )

-0.45
( neutral )

0.00
( neutral )

0.50
( neutral )

Gear Energy Ltd Financials

Annual	2023
Revenue:	$148.71M
Gross Profit:	$86.88M (58.42 %)
EPS:	$0.0328

Q4	2023
Revenue:	$37.52M
Gross Profit:	$20.65M (55.04 %)
EPS:	$-0.0271

Q3	2023
Revenue:	$41.41M
Gross Profit:	$25.92M (62.60 %)
EPS:	$0.0311

Q2	2023
Revenue:	$36.11M
Gross Profit:	$21.28M (58.93 %)
EPS:	$0.0212

Financial Reports:

No articles found.

Gear Energy Ltd Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
$0.0300 (N/A)	$0.0300 (N/A)	$0.0300 (N/A)	$0.0300 (N/A)	$0.0200 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)

Gear Energy Ltd Dividend Information - Dividend King

Dividend Sustainability Score: 10.00 - good (100.00%) | Divividend Growth Potential Score: 4.49 - Stable (10.26%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	$0.0100	2022-05-13
Last Dividend	$0.00500	2023-09-14
Next Dividend	$0	N/A
Payout Date	2023-09-29
Next Payout Date	N/A
# dividends	15	--
Total Paid Out	$0.150	--
Avg. Dividend % Per Year	3.72%	--
Score	5.88	--
Div. Sustainability Score	10.00
Div.Growth Potential Score	4.49
Div. Directional Score	7.47	--

Next Divdend (Est)
(2024-07-01)

$0.00422 Estimate 21.00 %

Dividend Stability

0.56 Average

Dividend Score

5.88

Pay Frequency

Monthly

Yearly Payout

Year	Amount	Yield
2022	$0.0700	7.37%
2023	$0.0800	7.48%
2024	$0	0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

Top 10 dividend Companies for TSX

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
XCG.TO	Dividend Junior	2023-09-25	Quarterly	19	0.97%
PET.TO	Dividend Knight	2023-08-30	Quarterly	4	0.38%
ERE-UN.TO	Dividend Knight	2023-09-28	Monthly	7	2.40%
ZMI.TO	Dividend King	2023-08-29	Monthly	14	2.55%
TECK-A.TO	Dividend Knight	2023-09-14	Quarterly	27	1.06%
IPO.TO	Dividend Knight	2023-09-14	Monthly	3	1.80%
CJ.TO	Dividend King	2023-09-28	Monthly	11	3.85%
XGRO.TO	Dividend Junior	2023-06-26	Quarterly	18	1.05%
PSA.TO	Dividend Knight	2023-08-30	Monthly	12	1.47%
FHI.TO	Dividend Knight	2023-09-22	Quarterly	6	3.99%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0636	1.500	8.73	10.00	[0 - 0.5]
returnOnAssetsTTM	0.0279	1.200	9.07	10.00	[0 - 0.3]
returnOnEquityTTM	0.0388	1.500	-0.680	-1.020	[0.1 - 1]
payoutRatioTTM	2.63	-1.000	10.00	-10.00	[0 - 1]
currentRatioTTM	1.036	0.800	9.82	7.86	[1 - 3]
quickRatioTTM	0.588	0.800	-1.247	-0.997	[0.8 - 2.5]
cashRatioTTM	0	1.500	-1.111	-1.667	[0.2 - 2]
debtRatioTTM	0.0624	-1.500	8.96	-10.00	[0 - 0.6]
interestCoverageTTM	5.21	1.000	9.18	9.18	[3 - 30]
operatingCashFlowPerShareTTM	0.242	2.00	9.92	10.00	[0 - 30]
freeCashFlowPerShareTTM	0.0583	2.00	9.97	10.00	[0 - 20]
debtEquityRatioTTM	0.0894	-1.500	9.64	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.584	1.000	3.60	3.60	[0.2 - 0.8]
operatingProfitMarginTTM	0.157	1.000	8.86	8.86	[0.1 - 0.6]
cashFlowToDebtRatioTTM	3.01	1.000	10.00	10.00	[0.2 - 2]
assetTurnoverTTM	0.439	0.800	-0.407	-0.326	[0.5 - 2]
Total Score				10.45

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	19.69	1.000	8.11	0	[1 - 100]
returnOnEquityTTM	0.0388	2.50	-0.437	-1.020	[0.1 - 1.5]
freeCashFlowPerShareTTM	0.0583	2.00	9.98	10.00	[0 - 30]
dividendYielPercentageTTM	11.27	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	0.242	2.00	9.92	10.00	[0 - 30]
payoutRatioTTM	2.63	1.500	10.00	-10.00	[0 - 1]
pegRatioTTM	0.104	1.500	-2.64	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.428	1.000	1.810	0	[0.1 - 0.5]
Total Score				4.49

Gear Energy Ltd

Gear Energy Ltd., an exploration and production company, acquires, develops, and holds interests in petroleum and natural gas properties and assets in Canada. Its properties include the Celtic/Paradise Hill property located approximately 40 kilometers northeast of Lloydminster Alberta; the Wildmere field situated approximately 200 kilometers southeast of Edmonton, Alberta; the Wilson Creek property located in Central Alberta; and the Tableland property situated southwest of Estevan in Southeast Saskatchewan. As of December 31, 2021, the company's Celtic/Paradise Hill property had proved plus probable reserves of 4,047 thousand barrels (Mbbls) of heavy crude oil; the Wildmere field had proved plus probable reserves of 3,405 Mbbls of heavy crude oil and 1.4 billion cubic feet (Bcf) of natural gas; the Wilson Creek property comprised of proved plus probable reserves of 3,318 Mbbls of light crude oil and natural gas liquids (NGLs), and 6.2 Bcf of natural gas; and the Tableland property had proved plus probable reserves of 5,315 Mbbls of light crude oil and NGLs, and 3.5 BCF of natural gas. Gear Energy Ltd. is headquartered in Calgary, Canada.