Does Wall Street Rate Gran Tierra Energy Inc. (GTE) Shares A Sell?

As of Friday close, Gran Tierra Energy Inc.’s (AMEX:GTE) stock was up $0.07, moving up 5.00 percent to $1.47. The average number of shares traded per day over the past five days has been 8,788,760 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1500 fall in that time frame. In the last twenty days, the average volume was 8,026,540, while in the previous 50 days, it was 8,526,054.

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Since last month, GTE stock retreated -7.55%. Shares of the company fell to $1.3600 on 05/10/22, the lowest level in the past month. A 52-week high of $2.02 was reached on 03/08/22 after having rallying from a 52-week low of $0.44. Since the beginning of this year, GTE’s stock price has risen by 93.14% or $0.7089, and marked a new high 24 times. However, the stock has declined by -27.23% since its 52-week high.

Gran Tierra Energy Inc. (GTE) last reported insider trading activity 345 days ago on Jun 03. GMT CAPITAL CORP, the 10% Owner of the company, disposed of 624,800 shares for $0.70 on Jun 03. It resulted in a $437,360 divestment by the insider. GMT CAPITAL CORP sold 120,700 shares at an average price of $0.68 on Jun 02. The insider now owns 36,766,612 shares following the transaction. On Jun 01, 10% Owner GMT CAPITAL CORP sold 400,000 shares at $0.67 apiece. The transaction was valued at $268,000.

Valuation Metrics

The stock’s beta is 1.66. Besides these, the trailing price-to-sales (P/S) ratio of 1.36, the price-to-book (PB) ratio of 2.26, and the price-to-cash flow ratio of 3.50 may also be considered.

Financial Health

In the three months ended September 29, Gran Tierra Energy Inc.’s quick ratio stood at 0.60, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.85, and the total debt-to-equity ratio was 1.97. Based on annual data, GTE earned $330.08 million in gross profit and brought in $473.72 million in revenue.

In Gran Tierra Energy Inc.’s quarter-end financial report for September 29, it reported total debt of $587.77 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GTE’s revenue rose 63.16% to $135.32 million during the quarter, while net income inched up to $174.57 million. While analysts expected Gran Tierra Energy Inc. to report $0.02 quarterly earnings, the actual figure was $0.1 per share. During the quarter, the company generated $107.64 million in EBITDA. The liabilities of Gran Tierra Energy Inc. were 914.13 million at the end of its most recent quarter ended September 29, and its total debt was $738.31 million.

Technical Picture

This quick technical analysis looks at Gran Tierra Energy Inc.’s (GTE) price momentum. With a historical volatility rate of 97.74%, the RSI 9-day stood at 42.60% on 13 May.

With respect to its five-day moving average, the current Gran Tierra Energy Inc. price is down by -9.26% percent or -$0.1500. At present, GTE shares trade -14.53% below its 20-day simple moving average and +106.81% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.26% above its SMA50 and +133.67% above its SMA200.

Stochastic coefficient K was 20.57% and Stochastic coefficient D was 15.36%, while ATR was 0.1326. Given the Stochastic reading of 28.21% for the 14-day period, the RSI (14) reading has been calculated as 44.55%. As of today, the MACD Oscillator reading stands at -0.0867, while the 14-day reading stands at -0.1202.

Analyst Ratings

Canaccord Genuity launched its rating on Gran Tierra Energy Inc. (AMEX: GTE) to a Buy in a note to investors on April 18, 2022. Gran Tierra Energy Inc. (GTE) has been rated Overweight by analysts. According to 0 brokerage firms, GTE is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Gran Tierra Energy Inc. stock as buy, with 4 recommending it as overweight.


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