The trading price of Gran Tierra Energy Inc. (NYSE:GTE) closed higher on Friday, Feb 19, closing at $0.93, 2.15% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.9200 and $1.0000. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 2.43. In examining the 52-week price action we see that the stock hit a 52-week high of $1.23 and a 52-week low of $0.18. Over the past month, the stock has gained 84.97% in value.
Analysts have forecast the company to bring in revenue of $190.43 Million for the quarter, with the likely lows of $171.78 Million and highs of $201Million. The average estimate suggests sales will likely up by 49.7% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $668.83 Million. The company’s revenue is forecast to grow by +58.6% over what it did in 2020.
On the technical side, indicators suggest GTE has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned GTE a recommendation rating is 9. Out of them, 5 rate it a Hold, while 2 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Gran Tierra Energy Inc. (GTE) as Underperform, while 2 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that GTE’s price is currently 30.28% off the SMA20 and 76.79% off the SMA50. The RSI metric on the 14-day chart is currently showing 67.2, and weekly volatility stands at 9.43%. When measured over the past 30 days, the indicator reaches 16.44%. Gran Tierra Energy Inc. (NYSE:GTE)’s beta value is currently sitting at 2.43, while the Average True Range indicator is currently displaying 0.1. With analysts defining $0.39-$1.57 as the low and high price targets, we arrive at a consensus price target of $0.86 for the trailing 12-month period. The current price is about -58.95% off the estimated low and 65.26% off the forecast high, based on this estimate. Investors will be thrilled if GTE’s share price rises to $0.79, which is the median consensus price. At that level, GTE’s share price would be -16.84% above current price.
To see how Gran Tierra Energy Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: GTE stock’s performance was +2.15% in the latest trading, and +0.52% in the past year, while Canadian Natural Resources (CNQ) has traded +0.33% on the day and positioned -8.91% lower than it was a year ago. Another comparable company Ovintiv Inc (OVV) saw its stock close 1.96% higher in the most recent trading session but was up +30.96% in a year. Furthermore, Crescent Pt Energy (CPG) showed an increase of 2.15% on the day while its price kept rising at 0.52% over the past year. Gran Tierra Energy Inc. has a P/E ratio of 0, compared to Canadian Natural Resources 0 and Ovintiv Inc’s 0. Also in last trading session, the S&P 500 Index has soared -0.19%, while the Dow Jones Industrial also saw a negative seesion, down 0% on the day.
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An evaluation of the daily trading volume of Gran Tierra Energy Inc. (NYSE:GTE) indicates that the 3-month average is 25.49 Million. However, this figure has increased over the past 10 days to an average of 29.29 Million.
Currently, records show that 366.98 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 1.93% of outstanding shares, whereas institutions hold 39.79%. The stats also highlight that short interest as of January 28, 2021, stood at 784.36 Million shares, resulting in a short ratio of 0.03 at that time. From this, we can conclude that short interest is 0.21% of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 1.27 Million. However, since the stock’s price has seen +161.13% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.