What Technical Indicators Show About Gran Tierra Energy Inc. (GTE)?


Gran Tierra Energy Inc. (AMEX:GTE) finished Thursday with a subtraction of -$0.01 to close at $1.32, a downside of -0.75 percent. An average of 6,743,800 shares of common stock have been traded in the last five days. There was a fall of -$0.1300 in the past week, and it reached a new high 25 times over the past 12 months. The last 20 days have seen an average of 7,008,580 shares traded, while the 50-day average volume stands at 5,568,994.

GTE stock has increased by 2.33% in the last month. The company shares reached their 1-month lowest point of $1.2100 on 08/23/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $0.58 and a high of $2.15 in 52 weeks. It has reached a new high 26 times so far this year and achieved 73.43% or $0.5589 in price. In spite of this, the price is down -38.60% from the 52-week high.

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Valuation Metrics

Gran Tierra Energy Inc. (GTE) has a trailing price-to-earnings (P/E) ratio of 3.00. The stock’s beta is 1.73. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.77, the price-to-book (PB) ratio at 1.31, and the price-to-cash flow ratio at 2.20.

Financial Health

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 not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.60 and a total debt to equity ratio of 1.60 for the quarter ending June 29. Its gross profit as reported stood at $330.08 million compared to revenue of $473.72 million.

Earnings Surprise

For the three-month period that ended June 29, Gran Tierra Energy Inc. had $595.86 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $52.97 million in the quarter, while revenues of $14.12 million were grew 170.64%. The analyst consensus anticipated Gran Tierra Energy Inc.’s latest quarter earnings to come in at $0.07 per share, but it turned out to be $0.19, a 171.40% surprise. For the quarter, EBITDA amounted to $147.18 million. Shareholders own equity worth $368.87 million.

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 22 September was 44.52%, suggesting the stock is Neutral, with historical volatility in this time frame at 60.33%.

As of today, GTE’s price is $1.3680 -8.97% or -$0.1300 from its 5-day moving average. However, the stock’s current price level is +21.10% above the SMA50 and +83.33% above the SMA200.

The stochastic %K and %D were 28.40% and 40.74%, respectively, and the average true range (ATR) was 0.0981. With the 14-day stochastic at 22.22% and the average true range at 0.0978, the RSI (14) stands at 48.15%. The stock has reached -0.0633 on the 9-day MACD Oscillator while the 14-day reading was at -0.0419.

Analyst Ratings

Canaccord Genuity launched coverage on Gran Tierra Energy Inc. (AMEX: GTE) in its analyst report released on April 18, 2022. The firm assigned the stock a Buy rating. 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 $1.69 and $4.80, with a median target of $2.17. Taking a look at these predictions, the average price target given by analysts for Gran Tierra Energy Inc. (GTE) stock is $2.54.


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