Gran Tierra Energy (GTE) Scheduled to Post Earnings on Wednesday

Gran Tierra Energy (NYSEAMERICAN:GTE) is scheduled to release its earnings data after the market closes on Wednesday, August 7th. Analysts expect Gran Tierra Energy to post earnings of $0.04 per share for the quarter.

Gran Tierra Energy (NYSEAMERICAN:GTE) last issued its earnings results on Tuesday, May 7th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). The business had revenue of $152.57 million during the quarter, compared to analyst estimates of $148.50 million. During the same period in the prior year, the firm posted $0.05 EPS.

GTE stock traded down $0.02 during mid-day trading on Friday, reaching $1.57. The company’s stock had a trading volume of 15,478 shares, compared to its average volume of 1,857,562. Gran Tierra Energy has a 12 month low of $1.43 and a 12 month high of $3.96.

In other news, major shareholder Gmt Capital Corp purchased 1,141,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average price of $2.18 per share, with a total value of $2,487,380.00. Following the transaction, the insider now directly owns 75,698,386 shares of the company’s stock, valued at $165,022,481.48. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ryan Ellson purchased 18,400 shares of the company’s stock in a transaction dated Wednesday, June 19th. The shares were purchased at an average cost of $1.61 per share, for a total transaction of $29,624.00. Following the transaction, the chief financial officer now directly owns 254,430 shares in the company, valued at $409,632.30. The disclosure for this purchase can be found here. In the last three months, insiders acquired 1,169,400 shares of company stock worth $2,533,104.

Several equities research analysts have recently commented on GTE shares. BMO Capital Markets restated a “buy” rating on shares of Gran Tierra Energy in a report on Wednesday, June 26th. Scotiabank restated a “buy” rating and set a $5.50 price objective on shares of Gran Tierra Energy in a report on Friday, May 10th. Royal Bank of Canada downgraded Gran Tierra Energy from a “top pick” rating to an “outperform” rating in a report on Tuesday, May 21st. Zacks Investment Research upgraded Gran Tierra Energy from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Canaccord Genuity restated a “buy” rating on shares of Gran Tierra Energy in a report on Thursday, June 20th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Gran Tierra Energy currently has a consensus rating of “Buy” and a consensus price target of $4.38.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2018, the company had total proved undeveloped reserves of 17.3 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

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Earnings History for Gran Tierra Energy (NYSEAMERICAN:GTE)

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