Gran Tierra Energy Inc (AMEX: GTE) has experienced a decline in its stock price by -6.35 compared to its previous closing price of 6.30. However, the company has seen a gain of 0.34% in its stock price over the last five trading days. globenewswire.com reported 2024-09-18 that CALGARY, Alberta, Sept. 18, 2024 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced that it has completed its previously announced offering of an additional $150 million aggregate principal amount of its previously issued 9.500% Senior Secured Amortizing Notes due 2029 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act, and pursuant to certain prospectus exemptions in Canada.
Is It Worth Investing in Gran Tierra Energy Inc (AMEX: GTE) Right Now?
Gran Tierra Energy Inc (AMEX: GTE) has a price-to-earnings ratio of 3.71x that is above its average ratio. Additionally, the 36-month beta value for GTE is 1.59. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for GTE is 29.78M and currently, short sellers hold a 1.82% ratio of that float. The average trading volume of GTE on September 19, 2024 was 265.11K shares.
GTE’s Market Performance
GTE stock saw a decrease of 0.34% in the past week, with a monthly decline of -30.83% and a quarterly a decrease of -40.70%. The volatility ratio for the week is 4.62%, and the volatility levels for the last 30 days are 4.72% for Gran Tierra Energy Inc (GTE). The simple moving average for the past 20 days is -15.02% for GTE’s stock, with a -20.38% simple moving average for the past 200 days.
GTE Trading at -27.64% from the 50-Day Moving Average
After a stumble in the market that brought GTE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.27% of loss for the given period.
Volatility was left at 4.72%, however, over the last 30 days, the volatility rate increased by 4.62%, as shares sank -24.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.92% lower at present.
During the last 5 trading sessions, GTE rose by +0.34%, which changed the moving average for the period of 200-days by -6.94% in comparison to the 20-day moving average, which settled at $6.85. In addition, Gran Tierra Energy Inc saw 4.61% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GTE starting from Royal Ronald, who sale 5,500 shares at the price of $6.46 back on Nov 07 ’23. After this action, Royal Ronald now owns 19,967 shares of Gran Tierra Energy Inc, valued at $35,530 using the latest closing price.
Stock Fundamentals for GTE
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.43 for the gross margin
The net margin for Gran Tierra Energy Inc stands at 0.08. The total capital return value is set at 0.1. Equity return is now at value 12.50, with 3.76 for asset returns.
Based on Gran Tierra Energy Inc (GTE), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 1.42. The interest coverage ratio of the stock is 1.94.
Currently, EBITDA for the company is 389.7 million with net debt to EBITDA at 1.29. When we switch over and look at the enterprise to sales, we see a ratio of 1.04. The receivables turnover for the company is 18.13for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.75.
Conclusion
In conclusion, Gran Tierra Energy Inc (GTE) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
