GMP FirstEnergy’s Take on This Canadian Energy Stock

By Ryan Adsit

Gear Energy (TSX: GXE), the Materials sector company, was revisited by a Wall Street analyst today. Analyst Robert Fitzmartyn from GMP FirstEnergy rated Gear Energy (TSX: GXE) a Buy, setting a C$0.85 price target.

According to TipRanks.com, Fitzmartyn is ranked #4503 out of 4588 analysts.

Gear Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$1.12.

Gear Energy’s market cap is currently C$135M and has a P/E ratio of 0.

Gear Energy Ltd. engages in the acquisition, exploitation and production of oil and gas properties. Its oil and gas properties are located in Alberta, British Columbia and Saskatchewan. The company was founded on June 25, 2007 and is headquartered in Calgary, Canada.

The company’s shares closed on Tuesday at $0.70.