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Gran Tierra Energy (GTE) Company Overview

Profile

Full Name:

Gran Tierra Energy Inc.

Sector:

Energy

Country:

Canada

IPO:

December 21, 2005

Indexes:

Not included

Description:

Gran Tierra Energy (GTE) is an oil and gas exploration and production company based in Canada. It focuses on developing resources in South America, particularly in Colombia and Ecuador. GTE aims to create value through responsible energy production and sustainable practices while contributing to local communities.

Key Details

Price

$5.64

Annual Revenue

$636.96 M(-10.46% YoY)

Annual EPS

-$0.19(-105.05% YoY)

Beta

1.08

Events Calendar

Earnings

Next earnings date:

Feb 20, 2025

Recent quarterly earnings:

Nov 4, 2024

Recent annual earnings:

Feb 20, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

N/A
Splits

Next split:

N/A

Recent split:

May 5, 2023

Analyst ratings

Recent major analysts updates

Mar 13, 24 RBC Capital
Sector Perform
May 18, 20 RBC Capital
Sector Perform
Nov 21, 19 Citigroup
Buy
Nov 21, 19 Citi
Buy
Nov 6, 19 Scotiabank
Sector Perform
Oct 11, 19 National Bank Financial Inc
Sector Perform
Oct 11, 19 National Bank Financial
Sector Perform
May 21, 19 RBC Capital
Outperform
Feb 4, 19 GMP Securities
Hold
Jul 20, 18 BMO Capital
Outperform

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Gran Tierra Energy Inc. Reports Robust Reserves Replacement and Record High Reserves
Gran Tierra Energy Inc. Reports Robust Reserves Replacement and Record High Reserves
Gran Tierra Energy Inc. Reports Robust Reserves Replacement and Record High Reserves
GTE
globenewswire.comJanuary 23, 2025

CALGARY, Alberta, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE), an independent international energy company focused on oil and natural gas exploration and production in Canada, Colombia and Ecuador, today announced the Company's 2024 year-end reserves as evaluated by the Company's independent qualified reserves evaluator McDaniel & Associates Consultants Ltd. (“McDaniel”) in a report with an effective date of December 31, 2024 (the “GTE McDaniel Reserves Report”).

Gran Tierra Energy Inc. Announces 2025 Guidance and Operations Update
Gran Tierra Energy Inc. Announces 2025 Guidance and Operations Update
Gran Tierra Energy Inc. Announces 2025 Guidance and Operations Update
GTE
globenewswire.comJanuary 23, 2025

CALGARY, Alberta, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced its 2025 capital budget, production guidance and operational update. All dollar amounts are in United States dollars and all production volumes are on a working interest before royalties basis and are expressed in barrels of oil equivalent (“boe”) per day (“BOEPD”), unless otherwise stated.

Gran Tierra Energy: Links With Trafigura And New Oil Discovery Make It A Buy
Gran Tierra Energy: Links With Trafigura And New Oil Discovery Make It A Buy
Gran Tierra Energy: Links With Trafigura And New Oil Discovery Make It A Buy
GTE
seekingalpha.comDecember 10, 2024

Gran Tierra Energy Inc. appears significantly undervalued, with proven reserves and free cash flow growth suggesting a strong buy opportunity. Recent discoveries in Ecuador and a joint venture with Logan Energy could boost production and attract new investors. The acquisition of i3 for $225.4 million and links with Trafigura highlight GTE's growth potential and undervaluation.

Gran Tierra Energy Inc. (GTE) Q3 2024 Earnings Call Transcript
Gran Tierra Energy Inc. (GTE) Q3 2024 Earnings Call Transcript
Gran Tierra Energy Inc. (GTE) Q3 2024 Earnings Call Transcript
GTE
seekingalpha.comNovember 4, 2024

Call Start: 11:00 January 1, 0000 11:24 AM ET Gran Tierra Energy Inc. (NYSE:GTE ) Q3 2024 Earnings Conference Call November 04, 2024 11:00 AM ET Company Participants Gary Guidry – President and Chief Executive Officer Ryan Ellson – Executive Vice President and Chief Financial Officer Sebastien Morin – Chief Operating Officer Conference Call Participants Greg Pardy – RBC Capital Markets Anne Milne – Bank of America Peter Bowley – Jefferies LLC Alejandra Andrade – JPM Operator Good morning, ladies and gentlemen, and welcome to the Gran Tierra Energy's Results Conference Call for the Third Quarter 2024. My name is Shannon, and I will be your coordinator for today.

Gran Tierra Energy Inc. Announces Normal Course Issuer Bid and Automatic Share Purchase Plan
Gran Tierra Energy Inc. Announces Normal Course Issuer Bid and Automatic Share Purchase Plan
Gran Tierra Energy Inc. Announces Normal Course Issuer Bid and Automatic Share Purchase Plan
GTE
globenewswire.comNovember 4, 2024

CALGARY, Alberta, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American: GTE)(TSX: GTE)(LSE: GTE), today announces that the Toronto Stock Exchange (“TSX”) has approved its notice of intention to make a normal course issuer bid (the “Bid”) for its shares of common stock (the “Shares”). As of October 31, 2024, there were 36,460,141 Shares issued and outstanding and the public float was 35,458,717 Shares. Pursuant to the Bid, Gran Tierra will be able to purchase for cancellation up to 3,545,872 Shares, representing 10% of the public float, at prevailing market prices at the time of purchase, through the facilities of the TSX, the NYSE American (the “NYSE”) or alternative trading platforms in Canada or the United States, if eligible, or by such other means as may be permitted by the TSX, the NYSE and applicable securities laws for a one year period commencing on November 6, 2024 and ending on November 5, 2025. Gran Tierra has also entered into an Automatic Share Purchase Plan (the “ASPP”) in connection with the Bid. The ASPP is intended to allow for the purchase of Shares under the Bid when Gran Tierra would ordinarily not be permitted to purchase Shares due to regulatory restrictions and customary self-imposed blackout periods.

Gran Tierra Energy Inc. Reports Third Quarter 2024 Results and Announces its Sixth Consecutive Ecuador Oil Discovery from the Charapa-B7 Well
Gran Tierra Energy Inc. Reports Third Quarter 2024 Results and Announces its Sixth Consecutive Ecuador Oil Discovery from the Charapa-B7 Well
Gran Tierra Energy Inc. Reports Third Quarter 2024 Results and Announces its Sixth Consecutive Ecuador Oil Discovery from the Charapa-B7 Well
GTE
globenewswire.comNovember 4, 2024

CALGARY, Alberta, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) announced the Company's financial and operating results for the quarter ended September 30, 2024 (“the Quarter”). All dollar amounts are in United States dollars, and production amounts are on an average working interest (“WI”) before royalties basis unless otherwise indicated. Per barrel (“bbl”) and bbl per day (“BOPD”) amounts are based on WI sales before royalties. For per bbl amounts based on net after royalty (“NAR”) production, see Gran Tierra's Quarterly Report on Form 10-Q filed November 4, 2024.

Scheme of Arrangement for Acquisition of i3 Energy plc Becomes Effective
Scheme of Arrangement for Acquisition of i3 Energy plc Becomes Effective
Scheme of Arrangement for Acquisition of i3 Energy plc Becomes Effective
GTE
globenewswire.comOctober 31, 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION FOR IMMEDIATE RELEASE CALGARY, Alberta, Oct. 31, 2024 (GLOBE NEWSWIRE) -- 31 October 2024 RECOMMENDED AND FINAL CASH AND SHARE ACQUISITION for i3 Energy plc ("i3 Energy") by Gran Tierra Energy Inc. ("Gran Tierra") to be implemented by way of a scheme of arrangement under Part 26 of the Companies Act 2006 SCHEME OF ARRANGEMENT BECOMES EFFECTIVE On 19 August 2024, the boards of directors of i3 Energy and Gran Tierra announced that they had reached agreement on the terms of a recommended and final cash and share acquisition of the entire issued, and to be issued, share capital of i3 Energy (the "Acquisition"). The Acquisition is being implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006.

Gran Tierra Energy Inc. Provides Release Date for its 2024 Third Quarter Results and Details of Conference Call and Webcast
Gran Tierra Energy Inc. Provides Release Date for its 2024 Third Quarter Results and Details of Conference Call and Webcast
Gran Tierra Energy Inc. Provides Release Date for its 2024 Third Quarter Results and Details of Conference Call and Webcast
GTE
globenewswire.comOctober 28, 2024

CALGARY, Alberta, Oct. 28, 2024 (GLOBE NEWSWIRE) --  Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) announces that the Company will release its 2024 third quarter financial and operating results on Monday, November 4, 2024, before market open. Gran Tierra will host its 2024 third quarter results conference call on the same day, Monday, November 4, 2024, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time.

Gran Tierra Energy Inc.'s Acquisition of i3 Energy Approved by i3 Energy Shareholders
Gran Tierra Energy Inc.'s Acquisition of i3 Energy Approved by i3 Energy Shareholders
Gran Tierra Energy Inc.'s Acquisition of i3 Energy Approved by i3 Energy Shareholders
GTE
globenewswire.comOctober 7, 2024

CALGARY, Alberta, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced that the shareholders of i3 Energy plc, a public limited company organized under the laws of England and Wales (“i3 Energy”), have approved Gran Tierra's previously announced acquisition of i3 Energy (the “Acquisition”).

Gran Tierra Energy: Not Without Risk, But A Large Margin Of Safety
Gran Tierra Energy: Not Without Risk, But A Large Margin Of Safety
Gran Tierra Energy: Not Without Risk, But A Large Margin Of Safety
GTE
seekingalpha.comSeptember 30, 2024

Gran Tierra Energy has guided to $1.9bn cumulative free cash flow by 2029. My model suggests this is possible, especially factoring in the acquisition of i3 Energy plc. In less favourable oil price scenarios, it could still generate good free cash flow. The current market cap (~$200m) and EV (~$700m) mean it is deeply discounted if this guidance is anywhere close to correct.

FAQ

  • What is the ticker symbol for Gran Tierra Energy?
  • Does Gran Tierra Energy pay dividends?
  • What sector is Gran Tierra Energy in?
  • What industry is Gran Tierra Energy in?
  • What country is Gran Tierra Energy based in?
  • When did Gran Tierra Energy go public?
  • Is Gran Tierra Energy in the S&P 500?
  • Is Gran Tierra Energy in the NASDAQ 100?
  • Is Gran Tierra Energy in the Dow Jones?
  • When was Gran Tierra Energy's last earnings report?
  • When does Gran Tierra Energy report earnings?
  • Should I buy Gran Tierra Energy stock now?

What is the ticker symbol for Gran Tierra Energy?

The ticker symbol for Gran Tierra Energy is NYSE American:GTE

Does Gran Tierra Energy pay dividends?

No, Gran Tierra Energy does not pay dividends

What sector is Gran Tierra Energy in?

Gran Tierra Energy is in the Energy sector

What industry is Gran Tierra Energy in?

Gran Tierra Energy is in the Oil & Gas Equipment & Services industry

What country is Gran Tierra Energy based in?

Gran Tierra Energy is headquartered in Canada

When did Gran Tierra Energy go public?

Gran Tierra Energy's initial public offering (IPO) was on December 21, 2005

Is Gran Tierra Energy in the S&P 500?

No, Gran Tierra Energy is not included in the S&P 500 index

Is Gran Tierra Energy in the NASDAQ 100?

No, Gran Tierra Energy is not included in the NASDAQ 100 index

Is Gran Tierra Energy in the Dow Jones?

No, Gran Tierra Energy is not included in the Dow Jones index

When was Gran Tierra Energy's last earnings report?

Gran Tierra Energy's most recent earnings report was on Nov 4, 2024

When does Gran Tierra Energy report earnings?

The next expected earnings date for Gran Tierra Energy is Feb 20, 2025

Should I buy Gran Tierra Energy stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions