A share price of Gran Tierra Energy Inc [GTE] is currently trading at $7.87, up 9.31%. An important factor to consider is whether the stock is rising or falling in short-term value. The GTE shares have gain 14.39% over the last week, with a monthly amount glided 41.04%, and seem to be holding up well over a long-time horizon.
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On 11, March 2024, Gran Tierra Energy Inc. Provides Operations Update. In a post published today on Yahoo Finance, 2024 Year-to-Date Total Company Average Production1 of Approximately 33,100 BOPD, 6% Percent Increase from Fourth Quarter 2023.
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.
Gran Tierra Energy Inc experienced fluctuations in its stock price throughout the past year between $4.62 and $9.70. Gran Tierra Energy Inc [AMEX: GTE] shares were valued at $7.87 at the most recent close of the market.
Analyzing the GTE fundamentals
Trailing Twelve Months sales for Gran Tierra Energy Inc [AMEX:GTE] were 636.96M which represents -4.73% decline. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.02 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.4.
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 7.46 points at the first support level, and at 7.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.08, and for the 2nd resistance point, it is at 8.30.
Gran Tierra Energy Inc [GTE] reported earnings per share of $0.23 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.13/share, meaning a difference of $0.36 and a surprise factor of 276.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.2 per share as compared to estimates of -$0.45 per share, a difference of $0.65 representing a surprise of 144.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Gran Tierra Energy Inc [AMEX:GTE] is 0.43. On the other hand, the Quick Ratio is 0.32, and the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 0.40, the price to book ratio is 0.64 and price to earnings (TTM) ratio is 102.61.
Transactions by insiders
Recent insider trading involved Royal Ronald, Director, that happened on Nov 07 ’23 when 5500.0 shares were sold.
