The Gran Tierra Energy Inc. (GTE) shares are trading at lower $0.29.
To add more color to this target, the company’s high over the last year is $1.69 and the low is $0.18. Over the last 52 weeks, GTE is down -82.84% while the S&P 500 is up 0.79%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, GTE reported a profit of $49.76 million. Gran Tierra Energy Inc. also saw revenues increase to $86.08 million. In addition, GTE has free cash flow of -$38.78 million as of 03-2020. The company’s EBITDA came in at -$39.63 million which compares well with its peers.
GTE booked profit margins of -42.60%, its Return on Equity (ROE) is -22.20%, and its Return on Assets is -11.00%. All told, it is clear that, GTE needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. GTE has a short ratio of 0.49 and outstanding shares of 366.98M.
GTE has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.68 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.60. Gran Tierra Energy Inc. GTE also noted assets of $1.81 billion at the end of the last quarter. Investors should also keep an eye on sector updates as GTE has historically followed its peers on positive news.
All told, Gran Tierra Energy Inc. GTE has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GTE represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Gran Tierra Energy Inc. GTE is now commanding a market cap of 111.60M and a float of 360.44M. GTE is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of GTE stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in GTE, either long or short, and we have not been compensated for this article.