Gran Tierra Energy Inc. (NYSE:GTE) shares, dropped in value on Wednesday, Jan 13, with the stock price down by -2.46% to the previous day’s close as weak demand from buyers trailed the stock to $0.54.
Actively observing the price movement in the last trading, the stock closed the session at $0.55, falling within a range of $0.5200 and $0.5710. The value of beta (5-year monthly) was 2.38 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $1.3, and the low was $0.18. On the whole, GTE has fluctuated by 29.71% over the past month.
Analysts have estimated the company’s revenue for the quarter at $190.43 Million, with a low estimate of $171.78 Million and a high estimate of $201Million. According to the average forecast, sales growth in current quarter could jump up +49.7%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $668.83 Million, representing an increase of 58.6% from the revenues reported in the last year’s results.
We see that GTE’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
8 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 4 analyst(s), 2 recommend it as a Buy and no body called the GTE stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and 2 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GTE currently trading nearly 37.17% and 69.8% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 77.55, while the 7-day volatility ratio is showing 1262% which for the 30-day chart, stands at 9.61%. Furthermore, Gran Tierra Energy Inc. (GTE)’s beta value is 2.38, and its average true range (ATR) is 0.05. The company’s stock has been forecasted to trade at an average price of $0.52 over the course of the next 52 weeks, with a low of $0.39 and a high of $0.67. Based on these price targets, the low is -27.78 off current price, whereas the price has to move +24.07% to reach the yearly target high. Additionally, analysts’ median price of $0.47 is likely to be welcomed by investors because it represents an increase of -12.96% from the current levels.
A comparison of Gran Tierra Energy Inc. (GTE) with its peers suggests the former has fared considerably weaker in the market. GTE showed an intraday change of -2.46% in last session, and over the past year, it dropped by -55.36%. In comparison, Canadian Natural Resources (CNQ) has moved lower at -1.71% on the day and was down -18.2% over the past 12 months. On the other hand, the price of Ovintiv Inc (OVV) has fallen -3.07% on the day. The stock, however, is off -17.97% from where it was a year ago. Additionally, there is a decline of -246% for Crescent Pt Energy (CPG) in last trading while the stock has seen an overall depriciation of -55.36% over the past year. The PE ratio stands at 0 for Gran Tierra Energy Inc., compared to 0 for Canadian Natural Resources, and 0 for Ovintiv Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for Gran Tierra Energy Inc. (NYSE:GTE) indicates that the trading volumes over the past 10 days have averaged 13.51 Million and over the past 3 months, they’ve averaged 6.11 Million. According to company’s latest data on outstanding shares, there are 366.98 Million shares outstanding.
Nearly 1.93% of Gran Tierra Energy Inc.’s shares belong to company insiders and institutional investors own 39.79% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 1.27 Million shares as on December 30, 2020, resulting in a short ratio of 0.15. According to the data, the short interest in Gran Tierra Energy Inc. (GTE) stood at 0.35% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 1.14 Million. The stock has risen by +47.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GTE stock heading into the next quarter.
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