Recent significant negative changes in fundamentals have impacted Gran Tierra Energy Inc (NYSEAMERICAN: GTE): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Gran Tierra Energy Inc (NYSEAMERICAN: GTE) suffers from meaningful negative changes in investment behavior: negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GTE is expected to continue to be an important Value Builder.
Gran Tierra Energy has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Gran Tierra Energy has a good Power Rating of 80 and a very high Appreciation Score of 96, leading to the Highest Value Trend Rating.
Recent Price Action
On 6/7/24, Gran Tierra Energy Inc (NYSEAMERICAN: GTE) stock rose modestly by 0.6%, closing at $9.34. However, below average trading volume at 68% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.0% during the last week.
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