Gran Tierra Energy Inc (GTE) Scheduled to Post Quarterly Earnings on Thursday
Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) is scheduled to announce its earnings results after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of C$0.05 per share for the quarter.
Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last posted its quarterly earnings data on Thursday, August 3rd. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.04 by C($0.06). The firm had revenue of C$96.13 million for the quarter, compared to analysts’ expectations of C$99.95 million. Gran Tierra Energy had a negative return on equity of 2.76% and a negative net margin of 7.08%. On average, analysts expect Gran Tierra Energy to post $0.06 EPS for the current fiscal year and $0.16 EPS for the next fiscal year.
Shares of Gran Tierra Energy Inc (TSE GTE) traded up 0.36% during trading on Tuesday, hitting $2.82. 169,000 shares of the company were exchanged. The company has a 50 day moving average of $2.70 and a 200-day moving average of $2.92. The stock’s market capitalization is $1.11 billion. Gran Tierra Energy Inc has a 1-year low of $2.41 and a 1-year high of $4.36.
In other Gran Tierra Energy news, Director Brooke N. Wade purchased 242,600 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were bought at an average cost of C$2.31 per share, with a total value of C$560,406.00. Following the acquisition, the director now owns 242,600 shares in the company, valued at C$560,406. Also, insider Gmt Capital Corp purchased 15,100 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was acquired at an average cost of C$2.04 per share, for a total transaction of C$30,804.00. Over the last ninety days, insiders have bought 338,100 shares of company stock worth $760,048.
An institutional investor recently raised its position in Gran Tierra Energy stock. State Street Corp grew its position in Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 374,942 shares of the company’s stock after acquiring an additional 8,119 shares during the quarter. State Street Corp owned 0.09% of Gran Tierra Energy worth $840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several research firms recently commented on GTE. Zacks Investment Research raised Gran Tierra Energy from a “hold” rating to a “buy” rating and set a C$2.50 target price on the stock in a research report on Tuesday, July 18th. Scotiabank reissued a “buy” rating and issued a C$5.50 target price on shares of Gran Tierra Energy in a research report on Tuesday, October 10th. Finally, Eight Capital dropped their target price on Gran Tierra Energy from C$6.50 to C$5.25 in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$4.88.
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Gran Tierra Energy Company Profile
Gran Tierra Energy Inc is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization.
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