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Is Gran Tierra Energy Inc. (GTE) a good stock to buy now?

Gran Tierra Energy Inc. (AMEX: GTE) is -2.17% lower on its value in year-to-date trading and has touched a low of $0.76 and a high of $2.15 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GTE stock was last observed hovering at around $0.97 in the last trading session, with the day’s loss setting it 0.0% off its average median price target of $1.79 for the next 12 months. It is also 79.14% off the consensus price target high of $4.65 offered by 7 analysts, but current levels are 13.39% higher than the price target low of $1.12 for the same period.

Currently trading at $0.97, the stock is 5.04% and -6.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.42 million and changing -0.15% at the moment leaves the stock -25.86% off its SMA200. GTE registered 7.38% gain for a year compared to 6-month loss of -15.78%.

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The stock witnessed a 8.28% gain in the last 1 month and extending the period to 3 months gives it a -25.50%, and is 4.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.38% over the week and 5.35% over the month.

Gran Tierra Energy Inc. (GTE) has around 319 employees, a market worth around $451.80M and $935.50M in sales. Current P/E ratio is 1.59 and Fwd P/E is 2.36. Profit margin for the company is 24.20%. Distance from 52-week low is 27.94% and -54.95% from its 52-week high. The company has generated returns on investments over the last 12 months (4.40%).

Gran Tierra Energy Inc. (GTE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Gran Tierra Energy Inc. (GTE) is a “Overweight”. 7 analysts offering their recommendations for the stock, where 3 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Gran Tierra Energy Inc. is expected to release its quarterly report on 05/03/2023.The EPS is expected to grow by 105.40% this year.

Gran Tierra Energy Inc. (GTE) Top Institutional Holders

The shares outstanding are 367.31M, and float is at 349.57M with Short Float at 0.44%.

Gran Tierra Energy Inc. (GTE) Insider Activity

A total of 159 insider transactions have happened at Gran Tierra Energy Inc. (GTE) in the last six months, with sales accounting for 0 and purchases happening 159 times. The most recent transaction is an insider purchase by Ellson Ryan,the company’sChief Financial Officer. SEC filings show that Ellson Ryan bought 50,000 shares of the company’s common stock on Dec 16 at a price of $0.87 per share for a total of $43500.0. Following the purchase, the insider now owns 0.64 million shares.

Gran Tierra Energy Inc. (GTE): Who are the competitors?

The company’s main competitors (and peers) include Petroleo Brasileiro S.A. – Petrobras (PBR) that is trading -3.61% down over the past 12 months and GeoPark Limited (GPRK) that is 13.84% higher over the same period. YPF Sociedad Anonima (YPF) is 201.01% up on the 1-year trading charts.

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