Gran Tierra Energy - GTE Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gran Tierra Energy in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GTE shares.
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2 Wall Street analysts have issued 12-month price targets for Gran Tierra Energy's stock. Their GTE share price forecasts range from $3.00 to $3.00. On average, they anticipate the company's share price to reach $3.00 in the next twelve months. This suggests a possible upside of 303.0% from the stock's current price.
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Gran Tierra Energy's stock was trading at $0.9698 at the start of the year. Since then, GTE stock has decreased by 23.2% and is now trading at $0.7445.
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Gran Tierra Energy saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 2,010,000 shares, an increase of 32.2% from the February 13th total of 1,520,000 shares. Based on an average daily volume of 3,320,000 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) released its earnings results on Tuesday, February, 21st. The company reported $0.09 earnings per share for the quarter. The company earned $162.64 million during the quarter. Gran Tierra Energy had a net margin of 19.54% and a trailing twelve-month return on equity of 36.99%.

Fidelity MSCI Energy Index ETF holds 400,059 shares of GTE stock, representing 0.02% of its portfolio.

Based on aggregate information from My MarketBeat watchlists, some companies that other Gran Tierra Energy investors own include Matinas BioPharma (MTNB), Pennsylvania Real Estate Investment Trust (PEI), CNBX Pharmaceuticals (CNBX), Bionano Genomics (BNGO), KushCo (KSHB), EnLink Midstream (ENLC), CBL & Associates Properties (CBL), Novan (NOVN), DHT (DHT) and Organigram (OGI).

Gran Tierra Energy trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "GTE."

Gran Tierra Energy's stock is owned by a variety of institutional and retail investors. Top institutional investors include GMT Capital Corp (6.11%), Renaissance Technologies LLC (1.79%), Connor Clark & Lunn Investment Management Ltd. (1.41%), Two Sigma Investments LP (1.40%), AQR Capital Management LLC (1.25%) and Marshall Wace LLP (1.10%). Insiders that own company stock include Brooke N Wade, Gmt Capital Corp, Joel Lebowitz, Lawrence West and Ryan Ellson.
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Shares of GTE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GTE stock can currently be purchased for approximately $0.74.

Gran Tierra Energy (NYSEAMERICAN:GTE) has a market capitalization of $257.71 million and generates $711.39 million in revenue each year. The company earns $139.03 million in net income (profit) each year or $0.37 on an earnings per share basis.

The company employs 319 workers across the globe.

Gran Tierra Energy's mailing address is 900-520 3 Ave SW, CALGARY, AB T2P 0R3, Canada. The official website for the company is www.grantierra.com. The company can be reached via phone at (403) 265-3221, via email at info@grantierra.com, or via fax at 403-265-3242.