An Insider Bought 50,000 Shares Of Gran Tierra Energy Inc. (GTE)


As of Friday close, Gran Tierra Energy Inc.’s (AMEX:GTE) stock was down -$0.02, moving down -2.53 percent to $0.74. The average number of shares traded per day over the past five days has been 3,858,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0889 fall in that time frame. In the last twenty days, the average volume was 3,917,220, while in the previous 50 days, it was 3,164,798.

Since last month, GTE stock retreated -16.41%. Shares of the company fell to $0.7001 on 03/15/23, the lowest level in the past month. A 52-week high of $2.15 was reached on 01/27/23 after having rallying from a 52-week low of $0.70. Since the beginning of this year, GTE’s stock price has dropped by -25.57% or -$0.2531, and marked a new high 3 times. However, the stock has declined by -65.72% since its 52-week high.

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GTE stock investors should be aware that Gran Tierra Energy Inc. (GTE) stock had its last reported insider trading activity 3 days ago on Mar 15. Ellson Ryan, the Chief Financial Officer of the company, purchased of 50,000 shares for $0.71 on Mar 15. It resulted in a $35,500 investment by the insider. Guidry Gary added 150,000 shares at an average price of $0.86 on Mar 03. The insider now owns 4,042,135 shares following the transaction. On Dec 16, Chief Financial Officer Ellson Ryan bought 50,000 shares at $0.87 apiece. The transaction was valued at $43,500.

Valuation Metrics

Right now, Gran Tierra Energy Inc. (GTE) has a P/E ratio of about 1.42. The stock’s beta is 2.45. Besides these, the trailing price-to-sales (P/S) ratio of 0.36, the price-to-book (PB) ratio of 0.45, and the price-to-cash flow ratio of 1.33 may also be considered.

Financial Health

According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.41, and the total debt-to-equity ratio was 1.42. On the profitability front, the trailing twelve-month gross margin is 75.80% percent. In the recent year, operating margins totaled 34.00%. Based on annual data, GTE earned $538.81 million in gross profit and brought in $711.39 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.40%. Return on equity (ROE) for the past 12 months was 37.00%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. GTE’s revenue rose 18.32% to $168.4 million during the quarter, while net income inched up to $165.68 million. During the quarter, the company generated $135.23 million in EBITDA. The liabilities of Gran Tierra Energy Inc. were 918.04 million at the end of its most recent quarter, and its total debt was $594.39 million. The value of shareholders’ equity is $346.15 million.

Technical Picture

This quick technical analysis looks at Gran Tierra Energy Inc.’s (GTE) price momentum. With a historical volatility rate of 50.37%, the RSI 9-day stood at 29.78% on 17 March.

With respect to its five-day moving average, the current Gran Tierra Energy Inc. price is down by -10.77% percent or -$0.0889. At present, GTE shares trade -14.36% below its 20-day simple moving average and -43.32% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.32% below its SMA50 and -59.51% below its SMA200.

Stochastic coefficient K was 19.67% and Stochastic coefficient D was 16.24%, while ATR was 0.0500. Given the Stochastic reading of 18.62% for the 14-day period, the RSI (14) reading has been calculated as 33.39%. As of today, the MACD Oscillator reading stands at -0.0569, while the 14-day reading stands at -0.0764.

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 3 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 $1.77, the current consensus forecast for the stock is $0.91 – $3.69. Based on these forecasts, analysts predict Gran Tierra Energy Inc. (GTE) will achieve an average price target of $1.97.


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