Stock Rating Downgrade
In the last week the Value Trend Rating for Gran Tierra Energy Inc (NYSEAMERICAN: GTE) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 12/15/23, Gran Tierra Energy Inc (NYSEAMERICAN: GTE) stock declined by -2.0%, closing at $5.76. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -0.7% 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 C (High Neutral). With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing very contradictory signals. Gran Tierra Energy has a very high Appreciation Score of 87 but a slightly negative Power Rating of 36, leading to the High Neutral Value Trend Rating.