Gran Tierra Energy (GTE) to Release Earnings on Wednesday

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) is set to announce its earnings results after the market closes on Wednesday, May 1st.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last issued its quarterly earnings results on Tuesday, February 20th. The company reported C$0.31 EPS for the quarter. Gran Tierra Energy had a negative net margin of 0.99% and a negative return on equity of 1.54%. The firm had revenue of C$210.96 million for the quarter.

Gran Tierra Energy Trading Down 2.7 %

Shares of GTE stock traded down C$0.33 on Tuesday, hitting C$11.98. 53,337 shares of the company’s stock traded hands, compared to its average volume of 52,818. The company has a debt-to-equity ratio of 143.10, a quick ratio of 0.58 and a current ratio of 0.43. Gran Tierra Energy has a one year low of C$0.82 and a one year high of C$12.35. The company’s fifty day simple moving average is C$9.41 and its 200 day simple moving average is C$8.41. The stock has a market capitalization of C$387.19 million, a price-to-earnings ratio of -47.35, a P/E/G ratio of 0.13 and a beta of 1.63.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their target price on shares of Gran Tierra Energy from C$9.00 to C$10.00 and gave the company a “sector perform” rating in a report on Wednesday, March 13th.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.