Gran Tierra Energy Inc. [AMEX: GTE] jumped around 0.05 points on Tuesday, while shares priced at $0.94 at the close of the session, up 5.54%. The company report on October 26, 2021 that Gran Tierra Announces Release Date for its 2021 Third Quarter Results, Conference Call and Webcast Details.
Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE), announces that the Company will release its 2021 third quarter financial and operating results on Monday, November 1, 2021, after market close. A conference call to discuss the 2021 third quarter results will be held at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time) the following day, Tuesday November 2, 2021. Details of the conference call are as follows:.
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Gran Tierra Energy Inc. stock is now 157.04% up from its year-to-date (YTD) trading value. GTE Stock saw the intraday high of $0.96 and lowest of $0.88 per share. The company’s 52-week high price is 1.23, which means current price is +165.58% above from all time high which was touched on 02/11/21.
Compared to the average trading volume of 6.12M shares, GTE reached a trading volume of 10151923 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Gran Tierra Energy Inc. [GTE]?
CIBC have made an estimate for Gran Tierra Energy Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 10, 2021. The new note on the price target was released on August 06, 2020, representing the official price target for Gran Tierra Energy Inc. stock.
The Average True Range (ATR) for Gran Tierra Energy Inc. is set at 0.06, with the Price to Sales ratio for GTE stock in the period of the last 12 months amounting to 1.01. The Price to Book ratio for the last quarter was 1.38, with the Price to Cash per share for the same quarter was set at 0.15. Price to Free Cash Flow for GTE in the course of the last twelve months was 10.03 with Quick ratio for the last quarter at 0.70.
How has GTE stock performed recently?
Gran Tierra Energy Inc. [GTE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.69. With this latest performance, GTE shares gained by 30.36% in over the last four-week period, additionally plugging by 35.72% over the last 6 months – not to mention a rise of 349.78% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GTE stock in for the last two-week period is set at 67.05, with the RSI for the last a single of trading hit 67.84, and the three-weeks RSI is set at 66.02 for Gran Tierra Energy Inc. [GTE]. The present Moving Average for the last 50 days of trading for this stock 0.6861, while it was recorded at 0.8750 for the last single week of trading, and 0.6924 for the last 200 days.
Gran Tierra Energy Inc. [GTE]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Gran Tierra Energy Inc. [GTE] shares currently have an operating margin of -33.37 and a Gross Margin at -21.66. Gran Tierra Energy Inc.’s Net Margin is presently recorded at -327.10.
Return on Total Capital for GTE is now -5.73, given the latest momentum, and Return on Invested Capital for the company is -56.28. Return on Equity for this stock declined to -120.65, with Return on Assets sitting at -47.93. When it comes to the capital structure of this company, Gran Tierra Energy Inc. [GTE] has a Total Debt to Total Equity ratio set at 302.71. Additionally, GTE Total Debt to Total Capital is recorded at 75.17, with Total Debt to Total Assets ending up at 64.74. Long-Term Debt to Equity for the company is recorded at 301.43, with the Long-Term Debt to Total Capital now at 74.85.
Reflecting on the efficiency of the workforce at the company, Gran Tierra Energy Inc. [GTE] managed to generate an average of -$2,416,047 per employee. Receivables Turnover for the company is 2.07 with a Total Asset Turnover recorded at a value of 0.15.Gran Tierra Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.70.
Earnings analysis for Gran Tierra Energy Inc. [GTE]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GTE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gran Tierra Energy Inc. go to 10.00%.
Insider trade positions for Gran Tierra Energy Inc. [GTE]
There are presently around $64 million, or 20.95% of GTE stock, in the hands of institutional investors. The top three institutional holders of GTE stocks are: GMT CAPITAL CORP with ownership of 32,349,912, which is approximately -27.525% of the company’s market cap and around 2.29% of the total institutional ownership; BNP PARIBAS ASSET MANAGEMENT HOLDING S.A., holding 11,452,573 shares of the stock with an approximate value of $10.71 million in GTE stocks shares; and ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, currently with $4.28 million in GTE stock with ownership of nearly -24.193% of the company’s market capitalization.
Positions in Gran Tierra Energy Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 29 institutional holders increased their position in Gran Tierra Energy Inc. [AMEX:GTE] by around 5,732,083 shares. Additionally, 28 investors decreased positions by around 17,511,895 shares, while 18 investors held positions by with 45,627,409 shares. The mentioned changes placed institutional holdings at 68,871,387 shares, according to the latest SEC report filing. GTE stock had 11 new institutional investments in for a total of 1,698,194 shares, while 5 institutional investors sold positions of 824,107 shares during the same period.