Gran Tierra Energy Inc. (NASDAQ:GTE) Expected to Post Earnings of $0.05 Per Share

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Analysts expect Gran Tierra Energy Inc. (NASDAQ:GTE) to post earnings of $0.05 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Gran Tierra Energy’s earnings. Gran Tierra Energy posted earnings of $0.18 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 72.2%. The business is expected to report its next quarterly earnings report on Thursday, November 7th.

According to Zacks, analysts expect that Gran Tierra Energy will report full year earnings of $0.14 per share for the current fiscal year, with EPS estimates ranging from $0.14 to $0.15. For the next financial year, analysts forecast that the company will report earnings of $0.16 per share, with EPS estimates ranging from $0.06 to $0.23. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Gran Tierra Energy.

Gran Tierra Energy (NASDAQ:GTE) last posted its 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 firm had revenue of $157.99 million during the quarter.

Separately, National Bank Financial reissued a “sector perform overweight” rating on shares of Gran Tierra Energy in a report on Thursday, October 10th.

Shares of Gran Tierra Energy stock traded up $0.07 on Wednesday, hitting $1.17. The stock had a trading volume of 1,756,800 shares, compared to its average volume of 1,973,318. Gran Tierra Energy has a 52-week low of $1.00 and a 52-week high of $3.49.

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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