Buying Gran Tierra Energy Inc. (GTE) Stock Is A Smart Move Today?

Gran Tierra Energy Inc. (AMEX:GTE) finished Tuesday with an addition of $0.16 to close at $0.97, an upside of 19.44 percent. An average of 21,013,500 shares of common stock have been traded in the last five days. There was a gain of $0.2441 in the past week. The last 20 days have seen an average of 8,701,354 shares traded, while the 50-day average volume stands at 5,418,964.

GTE stock has increased by 66.21% in the last month. The company shares reached their 1-month lowest point of $0.5501 on 09/08/21. With the stock rallying to its 52-week high on 02/11/21, shares of the company touched a low of $0.18 and a high of $1.23 in 52 weeks. In spite of this, the price is down -21.46% from the 52-week high.


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Insider Transactions

125 days have passed since Gran Tierra Energy Inc. (GTE) last reported insider trading activity. GMT CAPITAL CORP, who is 10% Owner, most recently acquired $624,800 shares at $0.70 per share on Jun 03. In this transaction, the insider spent $437,360. 10% Owner, GMT CAPITAL CORP, disposed of 120,700 shares at a price of $0.68 on Jun 02. The insider now owns more than $82,076 worth of shares. Prior to that, 10% Owner GMT CAPITAL CORP went on to Sale 400,000 shares at $0.67 each on Jun 01. An amount of $268,000 was transacted.

Valuation Metrics

Gran Tierra Energy Inc. (GTE) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 18.99 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Gran Tierra Energy Inc.’s PE ratio has ranged between 382.00 and 1.836. The stock’s beta is 2.68. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.41, the price-to-book (PB) ratio at 1.38, and the price-to-cash flow ratio at 11.06.

The quick ratio of Gran Tierra Energy Inc. for the three months ended June 29 was 0.70, and the current ratio was 0.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.74 and a total debt to equity ratio of 3.76 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin 5-year average of 56.0%. Gran Tierra Energy Inc.’s EBITDA margin for the year ending June 29 is 35.68%. Its gross profit as reported stood at $115.41 million compared to revenue of $237.84 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. Gran Tierra Energy Inc.’s return on assets was -15.7% over the last five years. For the broader industry, ROE averaged 12.45 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Gran Tierra Energy Inc. (GTE) price momentum. RSI 9-day as of the close on 05 October was 92.01%, suggesting the stock is Overbought, with historical volatility in this time frame at 90.42%.

As of today, GTE’s price is $0.7982 +33.81% or $0.2441 from its 5-day moving average. GTE is currently trading +67.36% higher than its 20-day SMA and +45.26% higher than its 100-day SMA. However, the stock’s current price level is +58.33% above the SMA50 and +158.91% above the SMA200.

The stochastic %K and %D were 91.25% and 89.26%, respectively, and the average true range (ATR) was 0.0681. With the 14-day stochastic at 90.43% and the average true range at 0.0588, the RSI (14) stands at 86.04%. The stock has reached 0.0949 on the 9-day MACD Oscillator while the 14-day reading was at 0.1504.

Analyst Ratings

CIBC upgraded Gran Tierra Energy Inc. (AMEX: GTE) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a a Sector underperform.The consensus rating for Gran Tierra Energy Inc. (GTE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GTE, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

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

Analysts predict a range of price targets between $0.87 and $2.37, with a median target of $1.03. Taking a look at these predictions, the average price target given by analysts for Gran Tierra Energy Inc. (GTE) stock is $1.25.

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