Hot Stock Analysis: Gran Tierra Energy Inc. (NYSE: GTE)

Frankie Walters

I am Frankie Walters and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions.

I am the driving force behind News Tech Markets with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Basic Materials” category.

Address: 2464 Winifred Way, Alexandria, IN 46001, USA
Phone: (+1) 765-724-9639
Email: frankiewalters@newstechmarkets.com
Frankie Walters

CALGARY, Alberta, November 30, 2019 – Shares of Gran Tierra Energy Inc. (NYSE: GTE) showed the bullish trend with a higher momentum of 0.99% to $1.02. The company traded total volume of 824.106K shares as contrast to its average volume of 2.24M shares. The company has a market value of $379.64M and about 372.20M shares outstanding.

Gran Tierra Energy Inc. (NYSE: GTE) reported net income of $39.0M ($0.10 per share, basic) compared with a net income of $2.0M or $0.01 per share basic in the quarter ended March 31, 2019 (“the Prior Quarter”); net income for the first six months of 2019 was $41.0M.

  • EBITDA increased by 24% to $115.0M, up from $93.0M in the Prior Quarter; for the first six months of 2019, the Company has generated EBITDA of $208.0M
  • Funds flow from operations increased by 17% to $88.0M ($0.23 per share, basic) compared with $75.0M ($0.19 per share, basic) in the Prior Quarter; funds flow from operations for the first six month of 2019 was $164.0M
  • Returned $24.0M to stockholders between January 1 and June 30, 2019, through buybacks of 10.40M shares of common stock (2.7% of outstanding shares of common stock as of January 1, 2019)
  • Oil and gas sales increased by $5.0M to $158.0M, up from $153.0M in the Prior Quarter
  • Subsequent to the end of the Quarter, Gran Tierra successfully repurchased and canceled $114.997M out of its $115.00M convertible notes outstanding, limiting future potential dilution

The Company offered net profit margin of 0.10% while its gross profit margin was 65.50%. ROE was recorded as 0.10% while beta factor was 0.91. The stock, as of recent close, has shown the weekly upbeat performance of 8.75% which was maintained at -53.00% in this year.

Frankie Walters

Frankie Walters

I am Frankie Walters and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind News Tech Markets with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Basic Materials” category. Address: 2464 Winifred Way, Alexandria, IN 46001, USA Phone: (+1) 765-724-9639 Email: frankiewalters@newstechmarkets.com

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