Investors may find better financial performance in Gran Tierra Energy Inc. (GTE)

Gran Tierra Energy Inc. [GTE] stock prices are down -2.50% to $0.94 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The GTE shares have gain 2.84% over the last week, with a monthly amount drifted -1.98%, and not seem to be holding up well over a long-time horizon.

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On 24, January 2023, Gran Tierra Energy Inc. Announces Strong Reserves Replacement and Continued Reserves Growth in 2022. In a post published today on Yahoo Finance, Added Total Company Reserves of 14 MMBOE 1P, 17 MMBOE 2P and 31 MMBOE 3P.

From an analyst’s perspective:

Previously, CIBC upgraded its rating to Neutral on March 10, 2021. On August 06, 2020, upgrade upgraded it’s rating to Buy. RBC Capital Mkts downgraded its rating to a Sector Perform. Scotiabank downgraded its rating to a Sector Underperform. In a note dated May 21, 2019, RBC Capital Mkts downgraded an Outperform rating on this stock.

The stock price of Gran Tierra Energy Inc. [GTE] has been fluctuating between $0.76 and $2.15 over the past year. Currently, Wall Street analysts expect the stock to reach $2.16 within the next 12 months. Gran Tierra Energy Inc. [AMEX: GTE] shares were valued at $0.94 at the most recent close of the market. An investor can expect a potential return of 129.79% based on the average GTE price forecast.

Analyzing the GTE fundamentals

The most recent quarter, Gran Tierra Energy Inc. [AMEX:GTE] reported sales of 168.4 billion, representing a surge of 24.50%. Gross Margin for this corporation currently stands at +40.15% with Operating Margin at +32.50%, Pretax Margin comes in at +4.88%, and Net Margin reading is +8.97%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.9297 points at the first support level, and at 0.9152 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9642, and for the 2nd resistance point, it is at 0.9842.

Gran Tierra Energy Inc. [GTE] reported earnings per share of $0.19 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.07/share, meaning a difference of $0.12 and a surprise factor of 171.40%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.05 per share as compared to estimates of $0.1 per share, a difference of -$0.05 representing a surprise of -50.00%.

Ratios To Look Out For

It’s worth pointing out that Gran Tierra Energy Inc. [AMEX:GTE]’s Current Ratio is 0.70. On the other hand, the Quick Ratio is 0.45, and the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 0.59, the price to book ratio is 0.93 and the P/E (TTM) ratio is 1.55.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 87 insider purchases totaling 10,754,315 shares and 0 insider sales totaling 0 shares over the past 3 months. Recent insider trading involved Ellson Ryan, Chief Financial Officer, that happened on Dec 16 when 50000.0 shares were purchased.