Analyst Price Target is C$1.48
▲ +36.57% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Gear Energy in the last 3 months. The average price target is C$1.48, with a high forecast of C$0.00 and a low forecast of C$0.00. The average price target represents a 36.57% upside from the last price of C$1.08.
Current Consensus is
The current consensus among 2 contributing investment analysts is to buy stock in Gear Energy. This rating has held steady since February 2022, when it changed from a Hold consensus rating.
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.