Streetbeat News

GTE

Gran Tierra Energy Inc.

https://www.grantierra.com

Industry

Oil & Gas Exploration & Production

Gran Tierra Energy Inc., together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. As of December 31, 2021, it had total proved undeveloped reserves of 24.8 million barrels of oil equivalent in Colombia. The company was incorporated in 2003 and is headquartered in Calgary, Canada.

Open

6.20

Mkt cap

225M

Volume

202K

High

6.33

P/E Ratio

4.31

52-wk high

10.40

Low

6.10

Div yield

N/A

52-wk low

4.72

Gran Tierra Energy (AMEX:GTE) is expected to report a Q4 earnings per share (EPS) of $-0.13 on February 20, 2024. Analysts and investors will be looking for the company to beat this estimate and provide positive guidance for the next quarter. In the past, GTE's share price has reacted to earnings beats and misses, as well as guidance. Last quarter, GTE beat the EPS estimate by $0.65, resulting in a 6.37% share price increase the following day. However, over the last 52 weeks, GTE shares have declined by 35.68%.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 7:01 pm

Gran Tierra Energy Inc. has priced an additional offering of $100 million in 9.500% Senior Secured Amortizing Notes due 2029. This private placement targets qualified institutional buyers in the U.S. under Rule 144A and non-U.S. persons under Regulation S, along with certain exemptions in Canada.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 7:08 am

Gran Tierra Energy Inc. announced a private offering of an additional amount of its 9.5% Senior Secured Amortizing Notes due 2029. This move is aimed at raising capital, possibly for debt refinancing, investments, or operational enhancements.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:48 pm

Gran Tierra Energy announced its 2024 capital budget and production guidance, with plans to allocate up to 50% of its free cash flow to share buybacks. This decision reflects the company's strategy to enhance shareholder value and confidence in its financial stability and future earnings potential.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:08 pm

Gran Tierra Energy (AMEX:GTE) reported Q3 2023 earnings of $0.20 per share, beating the analyst consensus estimate of $(0.45) by 144.44%. This is a 80% decrease from the same period last year. The company also reported quarterly sales of $179.92 million, beating the analyst consensus estimate of $60.00 thousand by 299.77K%. This is a 6.84% increase from the same period last year.

Portfolio Pulse from vinayak@benzinga.com

October 31, 2023 | 9:44 pm

Gran Tierra Energy has appointed Sebastien Morin as its new Chief Operating Officer (COO).

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 9:09 pm

Gran Tierra Energy (AMEX:GTE) is set to release its quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $-0.45. The company's past performance shows a mix of earnings beats and misses, with the stock price generally negatively affected. Over the last 52-week period, shares are down 56.71%.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 8:01 pm

Gran Tierra Energy (AMEX:GTE) reported Q2 losses of $(0.33) per share, a 123.57% decrease YoY. Sales also decreased by 23.27% to $157.90M compared to $205.78M in the same period last year.

Portfolio Pulse from mahesh@benzinga.com

August 04, 2023 | 10:36 am

During Tuesday's morning session, 137 companies made new 52-week lows. Notable companies include Bristol-Myers Squibb, NovaBay Pharmaceuticals, Smart for Life, and Nemaura Medical.

Portfolio Pulse from Benzinga Insights

May 30, 2023 | 6:13 pm

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