Are you interested in the GTE (Gran Tierra Energy Inc.) stocks and want to invest in them, or do you already have them in your portfolio? If your answer is yes, then in this article, you will find helpful information about the GTE stock, what the stock does, and the dynamics of the GTE stock price in 2023 – 2025 – 2030.
What Is GTE Stock?
Gran Tierra is a publicly listed and independent international exploration based in Canada. The GTE production company with onshore oil production focused on Ecuador and Colombia. Gran Tierra believes in creating value for all its stakeholders through oil and gas production and exploration, capitalizing on the world operating experience of its team. The company is building a record of success in Ecuador and Colombia in a transparent, secure, safe, and responsible way.
The GTE Company is developing its portfolio of assets in Ecuador and Colombia. The company’s assets in Colombia represent 100% of the production, with oil production and oil reserves mainly located in the MMV (Middle Magdalena Valley) and Putumayo Basin.
In MMV, the GTE Company’s largest field is the Acordionero Field, where the company produces approximately 17-degree API (American Petroleum Institute) oil, representing about 49% of the company’s total production. The Putumayo production is about 27° American Petroleum Institute for Chaza Block and 18° American Petroleum Institute for Suroriente Block, representing approximately 44% of the company’s total production.
Who Owns Gran Tierra Energy?
Gran Tierra Energy (GTE) is an energy company founded by Dana Coffield, Jeffrey Scott, Jim Hart, Max Wei, and Rafael Orunesu in May 2005. The GTE company, based in Canada, Calgary, Alberta, focuses on oil and gas exploration, production, and development, particularly in South America.
What Does Gran Tierra Energy do?
Gran Tierra Energy Inc. (GTE), with its subsidiaries known as “Gran Tierra,” is a company focused on oil and gas exploration and production in Calgary, Alberta, Ecuador, and Colombia. The GTE Company’s common shares trade on the London Stock Exchange, the NYSE American, and the Toronto Stock Exchange under the ticker symbols GTE.
Gran Tierra believes in creating value for all its stakeholders through oil and gas production and exploration, capitalizing on the world operating experience of its team. The company is building a record of success in Ecuador and Colombia in a transparent, secure, safe, and responsible way.
Is GTE a Long-term Investment Stock?
The GTE stock has risen 9.29%, while the S&P 500 has gone down by -0.19% as of 3:16 PM Jun 27. The GTE stock has gone up $0.11 from the previous closing stock price of $1.13 on the volume of 5,584,524 shares. Over the past year, the S&P 500 has gone down by -9.01%, while GTE has gone up by 67.57%. GTE stock earned $0.26 per share in the last 12 months, giving it a price-to-earnings ratio of 4.84
GTE Stock Forecast 2023
For the GTE stock forecast for 2023, twelve predictions are offered for each month, with an average GTE stock forecast of 1.85, a high stock forecast of 1.96, and a low stock forecast of 1.76. The average GTE stock forecast for 2023 represents a -5.0% decrease in stock price from the last price of 1.95000004768372.
GTE Stock Forecast 2024
For the GTE stock forecast for 2024, twelve predictions are offered for each month, with an average GTE stock forecast of 1.77, a high stock forecast of 1.82, and a low stock forecast of 1.75. The average GTE stock forecast for 2024 represents a -9.0% decrease in stock price from the last price of 1.95000004768372.
GTE Stock Forecast 2025
Twelve predictions are offered each month for the GTE stock forecast for 2025, with an average GTE stock forecast of 1.96, a high stock forecast of 2.14, and a low stock forecast of 1.83. The average GTE stock forecast for 2025 represents a 0.27% increase in stock price from the last price of 1.95000004768372.
GTE Stock Forecast 2026
For the GTE stock forecast for 2026, twelve predictions are offered for each month, with an average GTE stock forecast of 2.11, a high stock forecast of 2.14, and a low stock forecast of 2.05. The average GTE stock forecast for 2026 represents an 8.13% increase in stock price from the last price of 1.95000004768372.
GTE Stock Forecast 2027
For the GTE stock forecast for 2027, twelve predictions are offered for each month, with an average GTE stock forecast of 1.81, a high stock forecast of 2.01, and a low stock forecast of 1.66. The average GTE stock forecast for 2027 represents a -6.94% decrease in stock price from the last price of 1.95000004768372.
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GTE Stock Forecast 2028
For the GTE stock forecast for 2028, twelve predictions are offered for each month, with an average GTE stock forecast of 1.65, a high stock forecast of 1.74, and a low stock forecast of 1.62. The average GTE stock forecast for 2028 represents a -15.38% decrease in stock price from the last price of 1.95000004768372.
GTE Stock Forecast 2029
For the GTE stock forecast for 2029, twelve predictions are offered for each month, with an average GTE stock forecast of 2.03, a high stock forecast of 2.17, and a low stock forecast of 1.78. The average GTE stock forecast for 2029 represents a 4.22% increase in stock price from the last price of 1.95000004768372.
GTE Stock Forecast 2030
For the GTE stock forecast for 2030, twelve predictions are offered for each month, with an average GTE stock forecast of 2.11, a high stock forecast of 2.16, and a low stock forecast of 2.08. The average GTE stock forecast for 2030 represents an 8.38% increase in stock price from the last price of 1.95000004768372.
FAQS
Will GTE stock go up?
The GTE stock has become profitable over the past five years, growing earnings by -12.6% each year. Accelerating Growth: The GTE stock has become profitable in the last year, making the earnings growth rate hard to compare to its 5-year average.
Is GTE a good Stock to buy?
The consensus among Wall Street research analysts is that investors should “hold” GTE stock. A hold rating implies that analysts believe investors/traders should maintain existing positions in GTE stock but not buy additional stock or sell existing shares.
Who has Invested in GTE?
- GMT Capital Corp
- RBC Global Asset Management, Inc
- Two Sigma investments
- Arrowstreet Capital LP
- Renaissance Technologies LLCZweig-DiMenna Associates LLC
- PlusTick Management LLC
How many shares does GTE have?
GTE has a total outstanding share of 368,871,685 or 368.87 million shares
Is GTE undervalued?
The price prediction given by most analysts shows that the stock is likely undervalued.
Is GTE being shorted?
As of the recent reporting period, the following funds, institutional investors, and significant shareholders have reported short positions of GTE: Jane Street Group LLC, Concourse Financial Group Securities Inc., Group One Trading L.P., JPMorgan Chase & Co. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.
Conclusion
The GTE company is an independent international company that bases in Canada. The company aims to explore and produce oil and gas and capitalize on its team’s world-working experience.
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