Gran Tierra Energy Inc. (AMEX:GTE) price is hovering higher on Tuesday, October 05, jumping 16.83% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $0.81, with intraday deals fluctuating between $0.79 and $0.84. The company’s 5Y monthly beta was ticking 2.03. 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 45.21% on its value in the past month.
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Gran Tierra Energy Inc., which has a market valuation of $366.84 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 $0.14 for the year 2021 and up to $0.22 for 2022. In this case, analysts estimate an annual EPS growth of 163.60% for the year and 57.10% for the next year.
Staying with the analyst view, there is a consensus estimate of $389.66 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 122.30% above that which the company brought in 2021.
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 100% Buy 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% Buy.
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 46.92% off the SMA20 and 61.78% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 85.35, with weekly volatility standing at 7.13%. The indicator jumps to 7.09% when calculated based on the past 30 days. Gran Tierra Energy Inc. (AMEX:GTE)’s beta value is holding at 2.68, while the average true range (ATR) indicator is currently reading 0.05. Considering analysts have assigned the stock a price target range of $0.87-$2.37 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 today’s price at last check is roughly 7.45% off the estimated low and -152.13% 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 -9.57% from recent 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 16.83% on the day and 253.19% in the past 12 months, while Petroleo Brasileiro S.A. – Petrobras (PBR) traded 1.71% in the latest session and is positioned 58.04% up on its price 12 months ago. Another comparison is with GeoPark Limited (GPRK) whose stock price is up 5.48% in the current trading session, and has flourished 85.46% over the past year. Also, YPF Sociedad Anonima (YPF) is currently showing up trend of 3.01% while its price kept floating at 30.03% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 1.51% in today’s early trading, with the Dow Jones Industrial also seeing a positive session on the day with 1.39%.
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 3.88 million.
Current records show that the company has 366.98M in outstanding shares. The insiders’ percentage holdings are 2.29% of outstanding shares while the percentage share held by institutions stands at 20.95%. But the 122.32% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.