Gran Tierra Energy Inc. (NASDAQ:GTE) Expected to Announce Earnings of $0.06 Per Share

Wall Street analysts forecast that Gran Tierra Energy Inc. (NASDAQ:GTE) will post earnings per share of $0.06 for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Gran Tierra Energy’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.06. Gran Tierra Energy reported earnings of ($0.03) per share during the same quarter last year, which indicates a positive year over year growth rate of 300%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 26th.

On average, analysts expect that Gran Tierra Energy will report full-year earnings of $0.14 per share for the current financial year, with EPS estimates ranging from $0.14 to $0.15. For the next fiscal year, analysts anticipate that the company will report earnings of $0.14 per share, with EPS estimates ranging from $0.07 to $0.23. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Gran Tierra Energy.

Gran Tierra Energy (NASDAQ:GTE) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The company had revenue of $157.99 million for the quarter.

GTE has been the topic of a number of research analyst reports. National Bank Financial reissued a “sector perform overweight” rating on shares of Gran Tierra Energy in a report on Thursday, October 10th. BidaskClub raised Gran Tierra Energy from a “strong sell” rating to a “sell” rating in a research report on Tuesday.

GTE stock traded down $0.03 during trading on Friday, hitting $1.04. 88,694 shares of the company’s stock traded hands, compared to its average volume of 1,963,559. Gran Tierra Energy has a 1 year low of $0.97 and a 1 year high of $2.97.

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. As of December 31, 2018, the company had total proved undeveloped reserves of 17.3 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

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