Gran Tierra Energy Inc. (AMEX:GTE) price closed higher on Monday, September 13, jumping 6.04% above its previous close.
A look at the daily price movement shows that the last close reads $0.57, with intraday deals fluctuated between $0.58 and $0.61. The company’s 5Y monthly beta was ticking 2.29. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.23 and 52-week low of $0.18. The stock added 11.96% on its value in the past month.
Gran Tierra Energy Inc., which has a market valuation of $276.25 million, is expected to release its quarterly earnings report Nov 01, 2021 – Nov 05, 2021. Analysts tracking GTE have forecast the quarterly EPS to shrink by 0 per share this quarter, while the same analysts predict the annual EPS to hit $0 for the year 2021 and up to $0 for 2019.
On average, analysts have forecast the company’s revenue for the quarter will hit $190.43 million, with the likely lows of $171.78 million and highs of $201 million. The average estimate suggests sales growth for the quarter will likely rise by 49.70% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $668.83 million for the company’s annual revenue in 2018. Per this projection, the revenue is forecast to grow 58.60% above that which the company brought in 2018.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give GTE a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 7 analysts have assigned GTE a recommendation rating as follows: 4 rate it as a Hold; 3 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Gran Tierra Energy Inc. (GTE) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that GTE’s price is at present 15.08% off the SMA20 and 1.43% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 59.96, with weekly volatility standing at 6.43%. The indicator jumps to 6.42% when calculated based on the past 30 days. Gran Tierra Energy Inc. (AMEX:GTE)’s beta value is holding at 2.84, while the average true range (ATR) indicator is currently reading 0.04. Considering analysts have assigned the stock a price target range of $0.91-$2.33 as the low and high respectively, we find the trailing 12-month average consensus price target to be $1.25. Based on this estimate, we see that current price is roughly -51.67% off the estimated low and -288.33% off the forecast high. Investors will no doubt be excited to see the share price fall to $1.03, which is the median consensus price, and at that level GTE would be -71.67% from current price.
Turning out attention to how the Gran Tierra Energy Inc. stock has performed in comparison to its peers in the industry, here’s what we find: GTE’s stock is 6.04% on the day and 158.06% in the past 12 months, while Petroleo Brasileiro S.A. – Petrobras (PBR) traded 3.72% in the last session and was positioned 24.52% up on its price 12 months ago. Another comparison is with GeoPark Limited (GPRK) whose stock price was up 2.87% in the last trading session, and has flourished 46.18% over the past year. Also, YPF Sociedad Anonima (YPF) showed up trend of 5.24% while its price kept floating at 4.84% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.23% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.76%.
An analysis of the Gran Tierra Energy Inc. (AMEX:GTE) stock in terms of its daily trading volume indicates that the 3-month average is 3.76 million.
Current records show that the company has 366.98M in outstanding shares. The insiders’ percentage holdings are 2.25% of outstanding shares while the percentage share held by institutions stands at 32.38%. But the 64.93% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.