Gran Tierra Energy Inc. [GTE] is 25.99% higher this YTD. Is it still time to buy?

Gran Tierra Energy Inc. [AMEX: GTE] gained 0.17% or 0.0 points to close at $0.96 with a heavy trading volume of 3226047 shares. The company report on December 7, 2022 that Gran Tierra Energy Inc. Announces 2023 Guidance.

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2023 Capital Expenditure Budget of $210-250 Million, Expected 2023 Cash Flow1 of $270-320 Million in Base Case.

Plan to Drill 18-23 Development Wells and 4-6 Exploration/Appraisal Wells.

It opened the trading session at $0.95, the shares rose to $0.96 and dropped to $0.91, the range by which the price of stock traded the whole day. The daily chart for GTE points out that the company has recorded -20.75% loss over the past six months. However, it is still -29.73% lower than its most recent low trading price.

If we look at the average trading volume of 5.38M shares, GTE reached to a volume of 3226047 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Gran Tierra Energy Inc. [GTE]:

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 0.06, with the Price to Sales ratio for GTE stock in the period of the last 12 months amounting to 0.48. The Price to Book ratio for the last quarter was 0.65. Price to Free Cash Flow for GTE in the course of the last twelve months was 1.30 with Quick ratio for the last quarter at 0.60.

Trading performance analysis for GTE stock

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 7.21. With this latest performance, GTE shares dropped by -16.62% in over the last four-week period, additionally sinking by -20.75% over the last 6 months – not to mention a rise of 23.82% 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 41.53, with the RSI for the last a single of trading hit 46.06, and the three-weeks RSI is set at 40.81 for Gran Tierra Energy Inc. [GTE]. The present Moving Average for the last 50 days of trading for this stock 1.1515, while it was recorded at 0.9529 for the last single week of trading, and 1.3557 for the last 200 days.

Gran Tierra Energy Inc. [GTE]: A deeper dive into fundamental analysis

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 0.60 and a Current Ratio set at 0.70.

An analysis of insider ownership at Gran Tierra Energy Inc. [GTE]

There are presently around $116 million, or 36.32% of GTE stock, in the hands of institutional investors. The top three institutional holders of GTE stocks are: GMT CAPITAL CORP with ownership of 20,115,309, which is approximately -3.977% of the company’s market cap and around 2.41% of the total institutional ownership; ROYAL BANK OF CANADA, holding 17,783,124 shares of the stock with an approximate value of $17.05 million in GTE stocks shares; and TWO SIGMA INVESTMENTS, LP, currently with $7.09 million in GTE stock with ownership of nearly -16.954% 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 61 institutional holders increased their position in Gran Tierra Energy Inc. [AMEX:GTE] by around 15,435,951 shares. Additionally, 41 investors decreased positions by around 11,689,269 shares, while 27 investors held positions by with 94,003,475 shares. The mentioned changes placed institutional holdings at 121,128,695 shares, according to the latest SEC report filing. GTE stock had 20 new institutional investments in for a total of 3,508,686 shares, while 13 institutional investors sold positions of 255,069 shares during the same period.

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