RBC Global Asset Management, Inc. has recently announced that it has increased stake in Gran Tierra Energy Inc. (AMEX:GTE) by 32.34%. After grabbing 17.48 million shares, the institutional investor is now in possession of 4.27 million shares of the Energy Company. The new investment brought the stake of investor firm to 4.74% having worth around $23.6 million. Moreover, Acadian Asset Management LLC increased its share by 1.03 million to have a control over 3.87 million shares. And Citadel Securities LLC raised its holdings to 0.32 million shares by acquiring 3.59 million shares or 0.97% of the stake.
Gran Tierra Energy Inc. (GTE) concluded trading on 11/23/22 at a closing price of $1.20, with 3.07 million shares of worth about $3.68 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -28.14% during that period and on Wednesday the price saw a loss of about -2.44%. Currently the company’s common shares owned by public are about 367.31M shares, out of which, 349.58M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the GTE stock and their offered price forecasts bring an average price target of $2.38. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.59 and could fall to a lowest price of $1.47. The stock’s current price level is 46.19% above of average price target set by the analysts, while a rise to estimated low would result in gain of 18.37% for the stock. However, touching the estimated high of $4.59 would mean a gain of 73.86% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 300 times over the past 12 months. They bought 7,395,552 shares in 294 of the transactions. In 6 selling transactions, insiders dumped 1,667,888 shares.
DFA International Small Cap Value, DFA Canadian Small Company Series, and DFA International Core Equity Por are the top 3 mutual funds which are holding stakes in Gran Tierra Energy Inc. DFA International Small Cap Value is currently holding 6.57 million shares of worth totaling $8.87 million. The company recently came buying 0.0 shares which brought its stake up to 1.78% of the company’s outstanding shares. DFA Canadian Small Company Series bought 80760.0 shares, after which its hold over company’s outstanding shares expand to 0.52%, leaving 1.93 million shares with the mutual fund that have a worth of about $2.6 million. DFA International Core Equity Por, after buying 1.92 million shares, have now control over 0.52% of the stake in the company. It holds 0.0 shares of worth $2.59 million.
Gran Tierra Energy Inc. (AMEX: GTE) started trading at $1.19, below -$0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 1.2100, or with a loss of -2.44%. Stock saw a price change of -3.23% in past 5 days and over the past one month there was a price change of -6.25%. Year-to-date (YTD), GTE shares are showing a performance of 57.67% which increased to 57.89% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.63 but also hit the highest price of $2.15 during that period. The average intraday trading volume for Gran Tierra Energy Inc. shares is 6.52 million. The stock is currently trading -5.96% below its 20-day simple moving average (SMA20), while that difference is down -7.28% for SMA50 and it goes to -14.38% lower than SMA200.
RBC Global Asset Management, Inc. acquired 17.48 million shares of Gran Tierra Energy Inc. having value of about $23.6 million. Data submitted at the U.S SEC by RBC Global Asset Management, Inc. revealed that the firm now holds 4.27 million shares in the company valued at close to $5126400.0, or have control over 32.34% stake in the company. Gran Tierra Energy Inc. (AMEX: GTE) currently have 367.31M outstanding shares and institutions hold larger chunk of about 35.90% of that. Holding of mutual funds in the company is about 26.07% while other institutional holders and individual stake holders have control over 7.10% and 24.10% of the stake respectively.
The stock has a current market capitalization of $433.28M and its 3Y-monthly beta is at 1.72. PE ratio of stock for trailing 12 months is 2.73, while it has posted earnings per share of $0.44 in the same period. It has Quick Ratio of 0.60 while making debt-to-equity ratio of 1.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GTE, volatility over the week remained 5.38% while standing at 5.83% over the month.
Analysts are in expectations that Gran Tierra Energy Inc. (GTE) stock would likely to be making an EPS of $0.08 in the current quarter, while forecast for next quarter EPS is $0.05 and it is $0.7 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.08 which is $0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.13 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 360.00% while it is estimated to increase by 13.57% in next year.
Analysts at 7 brokerage firms have issued recommendations for the Gran Tierra Energy Inc. (GTE)’s stock out of those 7 Wall Street analysts, 4 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Stock get a Sector underperform rating from Scotiabank on April 07, 2020.