Gran Tierra Energy Inc. (GTE) touched a new high 2 times within the past 5 days.

Gran Tierra Energy Inc. (AMEX:GTE) saw an upside of 8.84% on Monday at $0.82 after adding $0.06. The 5-day average trading volume is 6,213,493 shares of the company’s common stock. It has gained $0.8440 in the past week and touched a new high 2 times within the past 5 days. An average of 4,800,033 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,819,413.

GTE’s 1-month performance is 40.81% or $0.2518 on its low of $0.5501 reached on 09/08/21. The company’s shares have touched a 52-week low of $0.18 and high of $1.23, with the stock’s rally to the 52-week high happening on 02/11/21. YTD, GTE has achieved 108.36% or $0.4692 and has reached a new high 9 times. However, the current price is down -32.93%% from the 52-week high price.


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Insider Transactions

On Jun 03, 123 days have gone by since the last insider trading activity for Gran Tierra Energy Inc. (GTE). GMT CAPITAL CORP (10% Owner) most recently sold 624,800 shares at $0.70 per share on Jun 03. This transaction cost the insider $437,360. 10% Owner, GMT CAPITAL CORP, sold 120,700 shares at a price of $0.68 on Jun 02. Then, on Jun 01, 10% Owner GMT CAPITAL CORP sold 400,000 shares at a price of $0.67 per share. This transaction amounted to $268,000.

Valuation Metrics

Gran Tierra Energy Inc. (GTE) has a trailing price-to-earnings (P/E) ratio of 14.55 for the broader industry and 18.79 for the sector, meaning that investors are optimistic about the stock’s future prospects. The company’s PE ratio for the last five years has touched a high of 382.00 and a low of 1.836. GTE stock has a beta of 2.68. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.11 while the price-to-book (PB) in the most recent quarter is 1.08, with the price to cash flow ratio at 8.68.

Gran Tierra Energy Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 0.70 meaning that GTE stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 3.74, while the total debt to equity was 3.76The trailing 12-month EBITDA margin is 35.68%. The firm’s gross profit as reported stood at $115.41 million against revenue of $237.84 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Gran Tierra Energy Inc.’s cash and short-term investments amounted to $31.53 million against total debt of $763.42 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected GTE to announce -$0.07 per share in earnings in its latest quarter, but it posted -$0.05, representing a 28.60% surprise. EBITDA for the quarter stood at more than $35.32 million. GTE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 971.34 million, with total debt at $763.42 million. Shareholders hold equity totaling $366.99 million

Technical Picture

Let’s look briefly at Gran Tierra Energy Inc. (GTE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 86.90% to suggest the stock is trending Overbought, with historical volatility in this time period at 68.27%.

The stock’s 5-day moving average is $0.7542, reflecting a +16.13% or $0.1157 change from its current price. GTE is currently trading +43.32% above its 20-day SMA, +21.06% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +32.31% and +123.80% respectively.

Stochastic %K and %D was 92.77% and 86.79% and the average true range (ATR) pointed at 0.0515. The RSI (14) points at 80.01%, while the 14-day stochastic is at 96.26% with the period’s ATR at 0.0478. The stock’s 9-day MACD Oscillator is pointing at 0.0656 and 0.1039 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Gran Tierra Energy Inc. (AMEX: GTE), CIBC upgraded it to a Neutral rating. They previously had a Sector underperform rating on the stock. Analysts offering their rating for GTE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate GTE as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

What is GTE’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $0.87 and a high of $2.37, with their median price target at $1.03. Looking at these predictions, the average price target given by analysts is for Gran Tierra Energy Inc. (GTE) stock is $1.25.

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