During the last session, Gran Tierra Energy Inc. (AMEX:GTE)’s traded shares were 5.83 million, with the beta value of the company hitting 2.71. At the end of the trading day, the stock’s price was $1.15, reflecting an intraday loss of -8.73% or -$0.11. The 52-week high for the GTE share is $2.15, that puts it down -86.96 from that peak though still a striking 61.74% gain since the share price plummeted to a 52-week low of $0.44. The company’s market capitalization is $530.37M, and the average intraday trading volume over the past 10 days was 3.94 million shares, and the average trade volume was 7.52 million shares over the past three months.
Gran Tierra Energy Inc. (GTE) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.30. GTE has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.06.
Gran Tierra Energy Inc. (AMEX:GTE) trade information
Gran Tierra Energy Inc. (GTE) registered a -8.73% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -8.73% in intraday trading to $1.15 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is -10.16%, and it has moved by 8.49% in 30 days. Based on these gigs, the overall price performance for the year is 105.98%. The short interest in Gran Tierra Energy Inc. (AMEX:GTE) is 3.83 million shares and it means that shorts have 0.51 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.61, which implies an increase of 55.94% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.92 and $4.78 respectively. As a result, GTE is trading at a discount of -315.65% off the target high and -66.96% off the low.
Gran Tierra Energy Inc. (GTE) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 200.00% this quarter and then drop -7.70% in the quarter after that. In the rating firms’ projections, revenue will increase 46.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $110k as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $110k by the end of Sep 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -26.57%. While earnings are projected to return 280.00% in 2022, the next five years will return 14.30% per annum.
Gran Tierra Energy Inc. is due to release its next quarterly earnings between November 01 and November 05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Gran Tierra Energy Inc. (AMEX:GTE)’s Major holders
Gran Tierra Energy Inc. insiders own 2.31% of total outstanding shares while institutional holders control 27.74%, with the float percentage being 28.39%. GMT Capital Corp is the largest shareholder of the company, while 116 institutions own stock in it. As of Mar 30, 2022, the company held over 24.38 million shares (or 6.62% of all shares), a total value of $38.28 million in shares.
The next largest institutional holding, with 12.27 million shares, is of Royal Bank of Canada’s that is approximately 3.33% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $19.26 million.
Also, the Mutual Funds coming in first place with the largest holdings of Gran Tierra Energy Inc. (GTE) shares are DFA International Small Cap Value Portfolio and DFA International Core Equity Portfolio. Data provided on Apr 29, 2022 indicates that DFA International Small Cap Value Portfolio owns about 6.57 million shares. This amounts to just over 1.78 percent of the company’s overall shares, with a $10.65 million market value. The same data shows that the other fund manager holds slightly less at 1.92 million, or about 0.52% of the stock, which is worth about $3.11 million.