A Peek At What Gran Tierra Energy Inc. (GTE) Insiders Are Doing

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SNOW Stock

Gran Tierra Energy Inc. (AMEX:GTE) saw a downside of -2.04% to $0.95 after subtracting -$0.02 on Tuesday. The 5-day average trading volume is 1,854,615 shares of the company’s common stock. It has gained $0.9800 in the past week and touched a new high 2 times within the past 5 days. An average of 2,320,044 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,601,486.

GTE’s 1-month performance is 8.28% or -$0.0021 on its low of $0.8330 reached on 01/05/23. The company’s shares have touched a 52-week low of $0.76 and high of $2.15, with the stock’s rally to the 52-week high happening on 01/03/23. YTD, GTE has lost -2.17% or -$0.0390 and has reached a new high 1 time. However, the current price is down -55.87% from the 52-week high price.

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Valuation Metrics

GTE stock has a beta of 2.47. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.48 while the price-to-book (PB) in the most recent quarter is 0.67, with the price to cash flow ratio at 1.30.

Gran Tierra Energy Inc.’s quick ratio for the recent period was 0.60, with the current ratio over the same period at 0.70. In terms of profitability, the gross margin trailing 12 months is 76.10%. The firm’s gross profit as reported stood at $330.08 million against revenue of $473.72 million.

Earnings Surprise

Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 145.6% to $38.66 million, while revenue of $52.97 million was -37.02% off the previous quarter. EBITDA for the quarter stood at more than $117.89 million. GTE stock balance sheet for the recent quarter shows that total liabilities totaled 881.75 million, with total debt at $578.28 million. Shareholders hold equity totaling $368.9 million.

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 23 January was 54.95% to suggest the stock is trending Neutral, with historical volatility in this time period at 37.79%.

The stock’s 5-day moving average is $0.9492, reflecting a +3.57% or $0.0328 change from its current price. GTE is currently trading +2.07% above its 20-day SMA, -29.03% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -20.08% and SMA200 by-39.04%.

Stochastic %K and %D was 78.08% and 70.31% and the average true range (ATR) pointed at 0.0445. The RSI (14) points at 49.84%, while the 14-day stochastic is at 80.27% with the period’s ATR at 0.0486. The stock’s 9-day MACD Oscillator is pointing at 0.0246 and 0.0536 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Gran Tierra Energy Inc. (AMEX: GTE), Canaccord Genuity launched coverage with a Buy rating. 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 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 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 $1.12 and a high of $4.65, with their median price target at $1.79. Looking at these predictions, the average price target given by analysts is for Gran Tierra Energy Inc. (GTE) stock is $2.16.


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