Gear Energy: Top 10 Undervalued Energy Sector Stocks on TSX (GXE)
Gear Energy is now ranked among the top 10 undervalued stocks in the Energy sector on the Toronto Stock Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| ITE | i3 Energy | 0.17 | 0.37 | 0.19 (109.0%) | 140854 | 212.9 | 10.9 | 3.2 |
| AKT-A | Akita Drilling | 1.32 | 2.36 | 1.04 (79.1%) | 82861 | 52.9 | 0.0 | 1.9 |
| GTE | Gran Tierra Energy | 7.54 | 11.72 | 4.18 (55.4%) | 45114 | 251.5 | 0.0 | 11.1 |
| AKT-B | Akita Drilling | 1.87 | 2.64 | 0.77 (41.3%) | 29 | 75.0 | 0.0 | 2.6 |
| SOIL | Saturn Oil & Gas | 2.39 | 3.36 | 0.97 (40.6%) | 70846 | 340.3 | 0.0 | 3.8 |
| TCW | Trican Well Service | 4.19 | 5.65 | 1.46 (34.9%) | 518022 | 908.2 | 3.9 | 7.9 |
| URC | Uranium Royalty | 3.36 | 4.41 | 1.05 (31.1%) | 149614 | 370.1 | 0.0 | 340.0 |
| TOT | Total Energy Services | 7.77 | 10.14 | 2.37 (30.5%) | 30374 | 318.3 | 4.1 | 5.3 |
| CNE | Canacol Energy | 6.81 | 8.68 | 1.87 (27.5%) | 58841 | 232.3 | 15.9 | 0.9 |
| GXE | Gear Energy | 0.65 | 0.81 | 0.16 (24.1%) | 433083 | 171.3 | 14.6 | 4.1 |
All data provided as of January 08, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Gear Energy
Gear Energy Ltd is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company's oil-focused operations are located in three core areas; Lloydminster Heavy Oil, Western Alberta Light/Medium Oil, and Southeast Saskatchewan Light Oil.
Gear Energy is listed under GXE on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
