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

Gran Tierra Energy (NYSEAMERICAN:GTE) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 1st. Analysts expect Gran Tierra Energy to post earnings of $0.06 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Gran Tierra Energy (NYSEAMERICAN:GTE) last announced its earnings results on Thursday, August 2nd. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). The firm had revenue of $163.45 million for the quarter, compared to analysts’ expectations of $155.78 million. Gran Tierra Energy had a net margin of 3.02% and a return on equity of 1.28%. The business’s revenue was up 70.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.02) earnings per share.

Shares of GTE traded down $0.01 during midday trading on Tuesday, hitting $2.98. The company had a trading volume of 36,477 shares, compared to its average volume of 1,540,859. Gran Tierra Energy has a 1 year low of $2.05 and a 1 year high of $3.96.



In related news, Director David P. Smith bought 77,500 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were acquired at an average price of $3.39 per share, with a total value of $262,725.00. Following the completion of the acquisition, the director now owns 142,500 shares in the company, valued at approximately $483,075. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Several research firms recently weighed in on GTE. Zacks Investment Research cut Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. BMO Capital Markets began coverage on Gran Tierra Energy in a research note on Friday, July 20th. They set an “outperform” rating and a $5.50 target price for the company. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.50.

About Gran Tierra Energy

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, 2017, the company had total proved undeveloped reserves of 19.6 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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