Gran Tierra Energy Inc. (AMEX:GTE) shares traded 1.87% higher at $6.54 on Wall Street last session.
In accordance with the data, 6 analysts cover Gran Tierra Energy Inc. (AMEX:GTE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $27.17 and a low of $8.09, we find $15.35. Given the previous closing price of $6.42, this indicates a potential upside of 139.1 percent. GTE stock price is now 7.12% away from the 50-day moving average and -16.52% away from the 200-day moving average. The market capitalization of the company currently stands at $213.73M.
It has been rated a hold by 2 analysts and a buy by 4. Brokers who have rated the stock have averaged $15.16 as their price target over the next twelve months.
In other news, Ellson Ryan, Chief Financial Officer bought 50,000 shares of the company’s stock on Mar 15. The stock was bought for $35,500 at an average price of $0.71. Upon completion of the transaction, the Chief Financial Officer now directly owns 701,487 shares in the company, valued at $4.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03, President and CEO Guidry Gary bought 150,000 shares of the business’s stock. A total of $129,000 was incurred on buying the stock at an average price of $0.86. This leaves the insider owning 4,042,135 shares of the company worth $26.44 million. A total of 1.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GTE stock. A new stake in Gran Tierra Energy Inc. shares was purchased by JUMP FINANCIAL, LLC during the first quarter worth $478,000. EXCHANGE TRADED CONCEPTS, LLC invested $455,000 in shares of GTE during the first quarter. In the first quarter, PDT PARTNERS, LLC acquired a new stake in Gran Tierra Energy Inc. valued at approximately $396,000. WINTON GROUP LTD acquired a new stake in GTE for approximately $354,000. AMERICAN CENTURY COMPANIES INC purchased a new stake in GTE valued at around $228,000 in the second quarter. In total, there are 131 active investors with 36.40% ownership of the company’s stock.
Gran Tierra Energy Inc. (AMEX: GTE) opened at $6.56 on Friday. During the past 12 months, Gran Tierra Energy Inc. has had a low of $4.62 and a high of $15.30. As of last week, the company has a debt-to-equity ratio of 1.51, a current ratio of 0.50, and a quick ratio of 0.40. According to the stock market information, the enterprise value for the company is $736.05M, which is based on a 4.77 price-to-earnings ratio, a 0.48 price-to-earnings-growth ratio, and a beta of 1.77. The fifty day moving average price for GTE is $6.14 and a two-hundred day moving average price translates $7.81 for the stock.
The latest earnings results from Gran Tierra Energy Inc. (AMEX: GTE) was released for Jun, 2023. According to the Oil & Gas E&P Company, earnings per share came in at -$0.33, beating analysts’ expectations of -$0.61 by 0.28. This compares to $1.42 EPS in the same period last year. The company reported revenue of $157.9 million for the quarter, compared to $205.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -23.27 percent. For the current quarter, analysts expect GTE to generate $60k in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/21/2000. Investors who held shares on 06/29/4000 were paid a $0.19626392 dividend.
Gran Tierra Energy Inc.(GTE) Company Profile
Gran Tierra Energy Inc., together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.
