NYSEAMERICAN:GTE - Gran Tierra Energy Stock Price, Forecast & News

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

Gran Tierra Energy declared that its Board of Directors has authorized a share repurchase plan on Wednesday, March 7th 2018, which permits the company to repurchase 500% of outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Gran Tierra Energy Inc (NYSEAMERICAN:GTE) issued its quarterly earnings data on Thursday, November, 1st. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.06 by $0.12. The company had revenue of $175.10 million for the quarter, compared to analyst estimates of $177 million. Gran Tierra Energy's revenue was up 68.7% on a year-over-year basis. During the same quarter last year, the business posted $0.01 EPS. View Gran Tierra Energy's Earnings History.

Gran Tierra Energy is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Gran Tierra Energy.

7 brokers have issued twelve-month target prices for Gran Tierra Energy's stock. Their forecasts range from $2.20 to $5.50. On average, they anticipate Gran Tierra Energy's share price to reach $3.55 in the next twelve months. This suggests a possible upside of 286.1% from the stock's current price. View Analyst Price Targets for Gran Tierra Energy.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gran Tierra Energy in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Gran Tierra Energy.

News headlines about GTE stock have been trending somewhat positive recently, InfoTrie reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Gran Tierra Energy earned a news sentiment score of 2.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Gran Tierra Energy.

Gran Tierra Energy saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 7,150,000 shares, a drop of 5.8% from the January 15th total of 7,590,000 shares. Based on an average daily trading volume, of 1,820,000 shares, the days-to-cover ratio is presently 3.9 days. Currently, 2.0% of the company's shares are sold short. View Gran Tierra Energy's Current Options Chain.

Some companies that are related to Gran Tierra Energy include TORC Oil and Gas (TOG), Premier Oil (PMO), Freehold Royalties (FRU), Frontera Energy (FEC), Canacol Energy (CNE), Baytex Energy (BTE), International Petroleum (IPCO), Extraction Oil & Gas (CDEV), Kelt Exploration (KEL), Tullow Oil (TLW), Canacol Energy (CNNEF), Diversified Gas & Oil (DGOC), Jadestone Energy (JSE), Senex Energy (SXY) and Contango Oil & Gas (MCF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Gran Tierra Energy investors own include Energy Transfer LP Unit (ET), Actinium Pharmaceuticals (ATNM), AMC Entertainment (AMC), Crescent Point Energy (CPG), AbbVie (ABBV), NGL Energy Partners (NGL), Vermilion Energy (VET), Amarin (AMRN), Capital Product Partners (CPLP) and Enphase Energy (ENPH).

Gran Tierra Energy's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Moerus Capital Management LLC (4.67%), Ingalls & Snyder LLC (1.73%), Connor Clark & Lunn Investment Management Ltd. (1.19%), Renaissance Technologies LLC (1.10%), Foundry Partners LLC (0.82%) and Massachusetts Financial Services Co. MA (0.75%). Company insiders that own Gran Tierra Energy stock include Alan Martin Johnson, Brooke N Wade, David P Smith, Gary Guidry, Gmt Capital Corp, Lawrence West, Remi Anthony Berthelet, Robert B Hodgins, Rodger Derrick Trimble and Ryan Ellson. View Institutional Ownership Trends for Gran Tierra Energy.

GTE stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Schroder Investment Management Group, Connor Clark & Lunn Investment Management Ltd., Bank of Montreal Can, Ninepoint Partners LP, Ingalls & Snyder LLC, Renaissance Technologies LLC and Russell Investments Group Ltd.. View Insider Buying and Selling for Gran Tierra Energy.

GTE stock was purchased by a variety of institutional investors in the last quarter, including Moerus Capital Management LLC, Goldman Sachs Group Inc., River Road Asset Management LLC, CIBC World Markets Inc., Pendal Group Ltd, Toronto Dominion Bank, Foundry Partners LLC and Bank of America Corp DE. Company insiders that have bought Gran Tierra Energy stock in the last two years include Alan Martin Johnson, Brooke N Wade, David P Smith, Gary Guidry, Gmt Capital Corp, Lawrence West, Remi Anthony Berthelet, Robert B Hodgins, Rodger Derrick Trimble and Ryan Ellson. View Insider Buying and Selling for Gran Tierra Energy.

Shares of GTE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of GTE stock can currently be purchased for approximately $0.92.

Gran Tierra Energy has a market capitalization of $346.32 million. Gran Tierra Energy employs 334 workers across the globe.View Additional Information About Gran Tierra Energy.

The official website for Gran Tierra Energy is http://www.grantierra.com/.

Gran Tierra Energy's mailing address is 900-520 3 Ave SW, CALGARY, AB T2P 0R3, Canada. The company can be reached via phone at +1-403-2653221.