Is Gran Tierra Energy Inc. (AMEX:GTE) Worth A Patient Look At Current Prices? – Marketing Sentinel
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Is Gran Tierra Energy Inc. (AMEX:GTE) Worth A Patient Look At Current Prices?

Gran Tierra Energy Inc. (AMEX:GTE)’s traded shares stood at 17.91 million during the last session, with the company’s beta value hitting 2.68. At the close of trading, the stock’s price was $0.90, to imply a decrease of -0.03% or $0.0 in intraday trading. The GTE share’s 52-week high remains $1.23, putting it -36.67% down since that peak but still an impressive 80.0% since price per share fell to its 52-week low of $0.18. The company has a valuation of $408.11M, with an average of 20.58 million shares in intraday trading volume over the past 10 days and average of 5.35 million shares over the past 3 months.

Gran Tierra Energy Inc. (AMEX:GTE) trade information

After registering a -0.03% downside in the last session, Gran Tierra Energy Inc. (GTE) has traded red over the past five days. The stock hit a weekly high of 1.0100 this Thursday, 10/07/21, dropping -0.03% in its intraday price action. The 5-day price performance for the stock is 21.78%, and 63.13% over 30 days. With these gigs, the year-to-date price performance is 147.33%. Short interest in Gran Tierra Energy Inc. (AMEX:GTE) saw shorts transact 1.13 million shares and set a 0.31 days time to cover.

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Analysts on Wall Street suggest a consensus price target of $1.25, implying an increase of 28.0% to the stock’s current value. The extremes give us $0.87 and $2.37 for target low and target high price respectively. As such, GTE has been trading -163.33% off suggested target high and 3.33% from its likely low.

Gran Tierra Energy Inc. (GTE) estimates and forecasts

The rating firms project that company’s revenue will grow 58.60% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is $190.43 million. Meanwhile, for the quarter ending Mar 2019, a total of 1 analyst(s) estimate revenue growth to $180.64 million.Earnings reports from the last fiscal year show that sales brought in $127.18 million and $138.23 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 49.70% before jumping 30.70% in the following quarter.

GTE Dividends

Gran Tierra Energy Inc. has its next earnings report out between November 01 and November 05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Gran Tierra Energy Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Gran Tierra Energy Inc. (AMEX:GTE)’s Major holders

Gran Tierra Energy Inc. insiders hold 2.29% of total outstanding shares, with institutional holders owning 20.95% of the shares at 21.45% float percentage. In total, 20.95% institutions holds shares in the company, led by GMT Capital Corp. As of Jun 29, 2021, the company held over 32.35 million shares (or 8.81% of shares), all amounting to roughly $23.94 million.

The next major institution holding the largest number of shares is Bnp Paribas Asset Management Holding S.a. with 11.45 million shares, or about 3.12% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $8.47 million.

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We also have DFA International Small Cap Value Portfolio and DFA International Core Equity Portfolio as the top two Mutual Funds with the largest holdings of the Gran Tierra Energy Inc. (GTE) shares. Going by data provided on Jul 30, 2021, DFA International Small Cap Value Portfolio holds roughly 7.09 million shares. This is just over 1.93% of the total shares, with a market valuation of $4.27 million. Data from the same date shows that the other fund manager holds a little less at 1.92 million, or 0.52% of the shares, all valued at about 1.16 million.

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