Gran Tierra Energy Inc. [GTE] Stock trading around $1.33 per share: What’s Next?

Gran Tierra Energy Inc. [AMEX: GTE] closed the trading session at $1.33 on 11/07/22. The day’s price range saw the stock hit a low of $1.31, while the highest price level was $1.37. The company report on November 1, 2022 that Gran Tierra Energy Inc. Announces Third Quarter 2022 Results.

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Third Quarter 2022 Average Production of 30,391 BOPD, Up 5% from One Year Ago.

The stocks have a year to date performance of 74.75 percent and weekly performance of -1.48 percent. The stock has been moved at -5.67 percent over the last six months. The stock has performed -6.99 percent around the most recent 30 days and changed 12.71 percent over the most recent 3-months.

If compared to the average trading volume of 6.29M shares, GTE reached to a volume of 5374849 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Gran Tierra Energy Inc. [GTE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GTE shares is $2.29 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GTE stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Canaccord Genuity have made an estimate for Gran Tierra Energy Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 18, 2022. The new note on the price target was released on March 10, 2021, representing the official price target for Gran Tierra Energy Inc. stock.

The Average True Range (ATR) for Gran Tierra Energy Inc. is set at 0.08, with the Price to Sales ratio for GTE stock in the period of the last 12 months amounting to 0.86. The Price to Book ratio for the last quarter was 1.32. Price to Free Cash Flow for GTE in the course of the last twelve months was 2.05 with Quick ratio for the last quarter at 0.70.

GTE stock trade performance evaluation

Gran Tierra Energy Inc. [GTE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.48. With this latest performance, GTE shares dropped by -6.99% in over the last four-week period, additionally sinking by -5.67% over the last 6 months – not to mention a rise of 53.62% 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 52.12, with the RSI for the last a single of trading hit 53.37, and the three-weeks RSI is set at 51.43 for Gran Tierra Energy Inc. [GTE]. The present Moving Average for the last 50 days of trading for this stock 1.3196, while it was recorded at 1.3140 for the last single week of trading, and 1.3851 for the last 200 days.

Gran Tierra Energy Inc. [GTE]: An insightful look at the core 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 +32.50 and a Gross Margin at +40.15. Gran Tierra Energy Inc.’s Net Margin is presently recorded at +8.97.

Return on Equity for this stock inclined to 15.20, with Return on Assets sitting at 3.55.

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 per share (EPS) analysis for Gran Tierra Energy Inc. [GTE] stock

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 14.30%.

Gran Tierra Energy Inc. [GTE]: Insider Ownership positions

There are presently around $156 million, or 33.60% of GTE stock, in the hands of institutional investors. The top three institutional holders of GTE stocks are: GMT CAPITAL CORP with ownership of 20,948,409, which is approximately -14.08% of the company’s market cap and around 1.50% of the total institutional ownership; ROYAL BANK OF CANADA, holding 17,498,304 shares of the stock with an approximate value of $23.27 million in GTE stocks shares; and TWO SIGMA INVESTMENTS, LP, currently with $11.84 million in GTE stock with ownership of nearly 7.237% 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 72 institutional holders increased their position in Gran Tierra Energy Inc. [AMEX:GTE] by around 32,433,256 shares. Additionally, 30 investors decreased positions by around 14,624,187 shares, while 21 investors held positions by with 70,532,613 shares. The mentioned changes placed institutional holdings at 117,590,056 shares, according to the latest SEC report filing. GTE stock had 33 new institutional investments in for a total of 4,429,174 shares, while 11 institutional investors sold positions of 2,203,389 shares during the same period.


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