Stock Rating Upgrade
The Value Trend Rating for Gran Tierra Energy Inc (NYSEAMERICAN: GTE) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 11/17/23, Gran Tierra Energy Inc (NYSEAMERICAN: GTE) stock enjoyed a very large increase of 6.0%, closing at $6.40. Relative to the market the stock has been weak over the last nine months but has risen 5.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, GTE is expected to be Value Creation neutral.
Gran Tierra Energy has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR's two proprietary measures of a stock's attractiveness. Gran Tierra Energy has a very high Appreciation Score of 89 but a neutral Power Rating of 42, triggering the Positive Value Trend Rating.