Gran Tierra Energy (GTE) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gran Tierra Energy in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GTE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GTE, but not buy additional shares or sell existing shares.
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1 Wall Street research analysts have issued 12-month price targets for Gran Tierra Energy's stock. Their GTE share price forecasts range from C$12.00 to C$23.00. On average, they expect the company's share price to reach C$17.50 in the next twelve months. This suggests a possible upside of 94.0% from the stock's current price.
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Gran Tierra Energy's stock was trading at C$13.50 on January 1st, 2023. Since then, GTE shares have decreased by 33.2% and is now trading at C$9.02.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
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Gran Tierra Energy Inc. (TSE:GTE) issued its quarterly earnings data on Tuesday, August, 1st. The company reported ($0.44) EPS for the quarter. The company had revenue of $212.11 million for the quarter. Gran Tierra Energy had a trailing twelve-month return on equity of 13.55% and a net margin of 8.12%.

Gran Tierra Energy shares reverse split on the morning of Sunday, May 7th 2023. The 1-10 reverse split was announced on Sunday, May 7th 2023. The number of shares owned by shareholders was adjusted after the market closes on Sunday, May 7th 2023. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Gran Tierra Energy investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Hawkins (HWKN), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), Aegean Marine Petroleum Network (ANW), Och-Ziff Capital Management Group (OZM), Precision Drilling (PD) and ALJ Regional (ALJJ).

Gran Tierra Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "GTE."

Shares of GTE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of GTE stock can currently be purchased for approximately C$9.02.

Gran Tierra Energy (TSE:GTE) has a market capitalization of C$300.28 million and generates C$633.13 million in revenue each year. The company earns C$51.41 million in net income (profit) each year or C$1.97 on an earnings per share basis.

The company employs 363 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 +1-403-2653221.