This Analyst Recently Issued Research Note On Gran Tierra Energy Inc. (GTE)

As of Thursday close, Gran Tierra Energy Inc.’s (AMEX:GTE) stock was down -$0.1, moving down -8.40 percent to $1.09. The average number of shares traded per day over the past five days has been 12,780,141 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.5800 fall in that time frame. In the last twenty days, the average volume was 10,752,890, while in the previous 50 days, it was 8,735,824.

Since last month, GTE stock retreated -29.68%. Shares of the company fell to $1.0400 on 06/23/22, the lowest level in the past month. A 52-week high of $2.15 was reached on 06/08/22 after having rallying from a 52-week low of $0.44. Since the beginning of this year, GTE’s stock price has risen by 43.21% or $0.3289, and marked a new high 26 times. However, the stock has declined by -49.30% since its 52-week high.


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Valuation Metrics

The stock’s beta is 1.63. Besides these, the trailing price-to-sales (P/S) ratio of 0.91, the price-to-book (PB) ratio of 1.27, and the price-to-cash flow ratio of 2.83 may also be considered.

Financial Health

In the three months ended March 30, 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 March 30 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 March 30, 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 $0.1 quarterly earnings, the actual figure was $0.05 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 March 30, and its total debt was $630.29 million. The value of shareholders’ equity is $368.46 million.

Technical Picture

This quick technical analysis looks at Gran Tierra Energy Inc.’s (GTE) price momentum. With a historical volatility rate of 36.77%, the RSI 9-day stood at 18.53% on 23 June.

With respect to its five-day moving average, the current Gran Tierra Energy Inc. price is down by -34.73% percent or -$0.5800. At present, GTE shares trade -29.68% below its 20-day simple moving average and +24.57% percent above its 100-day simple moving average. However, the stock is currently trading approximately -28.29% below its SMA50 and +88.84% above its SMA200.

Stochastic coefficient K was 3.58% and Stochastic coefficient D was 3.79%, while ATR was 0.1438. Given the Stochastic reading of 4.50% for the 14-day period, the RSI (14) reading has been calculated as 26.92%. As of today, the MACD Oscillator reading stands at -0.2900, while the 14-day reading stands at -0.4550.

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.

With a median target price of $2.42, the current consensus forecast for the stock is $1.72 – $4.78. Based on these forecasts, analysts predict Gran Tierra Energy Inc. (GTE) will achieve an average price target of $2.57.

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