Recent notable negative changes in fundamentals have affected Gran Tierra Energy Inc (NYSEAMERICAN: GTE): the consensus estimate for December, 2023 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Recent notable negative changes in investment behavior have affected Gran Tierra Energy Inc (NYSEAMERICAN: GTE): negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, GTE is expected to be Value Creation neutral.
Gran Tierra Energy has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Gran Tierra Energy has a very high Appreciation Score of 90 but a neutral Power Rating of 44, resulting in the Positive Value Trend Rating.
Recent Price Action
Gran Tierra Energy Inc (NYSEAMERICAN: GTE) stock declined slightly by -0.2% on 1/12/24. The stock closed at $5.12. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -5.5% during the last week.
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