The stock price of Gran Tierra Energy Inc (AMEX: GTE) has jumped by 0.53 compared to previous close of 7.58. Despite this, the company has seen a gain of 5.39% in its stock price over the last five trading days. globenewswire.com reported 2024-12-17 that CALGARY, Alberta, Dec. 17, 2024 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) is pleased to announce that Gran Tierra (by way of its wholly-owned subsidiary) has completed its previously announced strategic joint venture transaction and partnership (the “Transaction”) with Logan Energy Corp. (“Logan”) (TSXV:LGN). Pursuant to the Transaction, Gran Tierra and Logan entered into a purchase and sale agreement whereby Logan acquired a 50% working interest and operatorship of a portion of Gran Tierra’s Simonette Montney assets (the “Assets”) for approximately C$52 million in cash, subject to customary adjustments. Gran Tierra will retain the remaining 50% working interest in the Assets.
Is It Worth Investing in Gran Tierra Energy Inc (AMEX: GTE) Right Now?
Gran Tierra Energy Inc (AMEX: GTE) has a higher price-to-earnings ratio of 5.32x compared to its average ratio. GTE has 36-month beta value of 1.52. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for GTE is 35.55M, and currently, short sellers hold a 2.22% ratio of that float. The average trading volume of GTE on January 09, 2025 was 333.65K shares.
GTE’s Market Performance
GTE’s stock has seen a 5.39% increase for the week, with a 17.41% rise in the past month and a 19.06% gain in the past quarter. The volatility ratio for the week is 4.17%, and the volatility levels for the past 30 days are at 4.95% for Gran Tierra Energy Inc The simple moving average for the past 20 days is 9.01% for GTE’s stock, with a -2.14% simple moving average for the past 200 days.
GTE Trading at 14.82% 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 -26.73% of loss for the given period.
Volatility was left at 4.95%, however, over the last 30 days, the volatility rate increased by 4.17%, as shares surge +11.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.62% upper at present.
During the last 5 trading sessions, GTE rose by +5.39%, which changed the moving average for the period of 200-days by +14.93% in comparison to the 20-day moving average, which settled at $6.99. In addition, Gran Tierra Energy Inc saw 5.39% 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 Guidry Gary, who sale 52,000 shares at the price of $6.99 back on Dec 27 ’24. After this action, Guidry Gary now owns 476,381 shares of Gran Tierra Energy Inc, valued at $363,480 using the latest closing price.
Royal Ronald, the Director of Gran Tierra Energy Inc, sale 19,967 shares at $6.88 during a trade that took place back on Dec 02 ’24, which means that Royal Ronald is holding 0 shares at $137,373 based on the most recent closing price.
Stock Fundamentals for GTE
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.32 for the gross margin
The net margin for Gran Tierra Energy Inc stands at 0.07. The total capital return value is set at 0.12. Equity return is now at value 11.07, with 3.09 for asset returns.
Based on Gran Tierra Energy Inc (GTE), the company’s capital structure generated 1.0 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 1717.66. The interest coverage ratio of the stock is 2.3.
Currently, EBITDA for the company is 371.72 million with net debt to EBITDA at 1.24. When we switch over and look at the enterprise to sales, we see a ratio of 1.18. The receivables turnover for the company is 20.15for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.31.
Conclusion
To put it simply, Gran Tierra Energy Inc (GTE) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
