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

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Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 1st. Analysts expect Gran Tierra Energy to post earnings of C$0.08 per share for the quarter.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last released its quarterly earnings results on Thursday, August 2nd. The company reported C$0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.08 by C($0.01). Gran Tierra Energy had a negative net margin of 31.22% and a negative return on equity of 16.58%. The firm had revenue of C$210.95 million for the quarter.

GTE stock opened at C$3.97 on Wednesday. Gran Tierra Energy has a 52-week low of C$2.62 and a 52-week high of C$5.09.

In other Gran Tierra Energy news, Director David Paul Smith purchased 77,500 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was purchased at an average price of C$3.39 per share, with a total value of C$262,725.00. Also, insider Gmt Capital Corp purchased 14,600 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The stock was acquired at an average cost of C$3.10 per share, with a total value of C$45,260.00. In the last quarter, insiders purchased 143,800 shares of company stock valued at $486,734.

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada increased their target price on shares of Gran Tierra Energy from C$6.40 to C$6.50 and gave the company a “top pick” rating in a research note on Thursday, September 27th. Cormark increased their target price on shares of Gran Tierra Energy from C$7.00 to C$7.25 in a research note on Tuesday, October 9th. Canaccord Genuity increased their target price on shares of Gran Tierra Energy from C$6.00 to C$7.00 in a research note on Tuesday, July 10th. Finally, BMO Capital Markets set a C$5.50 target price on shares of Gran Tierra Energy and gave the company an “outperform” rating in a research note on Friday, July 20th.

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, 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 (TSE:GTE)

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