Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Gran Tierra Energy Inc (NYSEAMERICAN: GTE) weakened during the last several trading days. GTE’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Gran Tierra Energy Inc (NYSEAMERICAN: GTE) stock closed at $8.43 on 4/8/24 after a large increase of 3.6%. However, trading volume in this advance was below average at 77% of normal. The stock has risen 18.1% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
GTE is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Gran Tierra Energy has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Gran Tierra Energy has a very high Appreciation Score of 96 but a poor Power Rating of 29, with the High Neutral Value Trend Rating the result.
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