TSX:GTE

Stock Analysis Report

Gran Tierra Energy

Executive Summary

Gran Tierra Energy Inc., together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia.

Snowflake

Fundamentals

Proven track record and fair value.


Similar Companies

Share Price & News

How has Gran Tierra Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.7%

GTE

0.6%

CA Oil and Gas

0.2%

CA Market


1 Year Return

-67.4%

GTE

-12.0%

CA Oil and Gas

1.2%

CA Market

Return vs Industry: GTE underperformed the Canadian Oil and Gas industry which returned -12% over the past year.

Return vs Market: GTE underperformed the Canadian Market which returned 1.2% over the past year.


Shareholder returns

GTEIndustryMarket
7 Day-2.7%0.6%0.2%
30 Day-29.6%-6.4%-2.5%
90 Day-30.6%-3.9%-1.5%
1 Year-67.4%-67.4%-8.1%-12.0%4.7%1.2%
3 Year-64.5%-64.5%-16.3%-24.9%14.0%3.8%
5 Year-73.7%-73.7%-21.8%-33.6%26.4%8.1%

Price Volatility Vs. Market

How volatile is Gran Tierra Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Gran Tierra Energy undervalued compared to its fair value and its price relative to the market?

4.09x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: GTE (CA$1.45) is trading above our estimate of fair value (CA$0.51)

Significantly Undervalued: GTE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GTE is good value based on its PE Ratio (4.1x) compared to the Oil and Gas industry average (8.2x).

PE vs Market: GTE is good value based on its PE Ratio (4.1x) compared to the Canadian market (13.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: GTE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: GTE is good value based on its PB Ratio (0.4x) compared to the CA Oil and Gas industry average (0.6x).


Next Steps

Future Growth

How is Gran Tierra Energy forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-4.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GTE's earnings are forecast to decline over the next 3 years (-4.3% per year).

Earnings vs Market: GTE's earnings are forecast to decline over the next 3 years (-4.3% per year).

High Growth Earnings: GTE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GTE's revenue (9.7% per year) is forecast to grow faster than the Canadian market (5.7% per year).

High Growth Revenue: GTE's revenue (9.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if GTE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Gran Tierra Energy performed over the past 5 years?

20.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GTE's earnings have grown significantly by 20.3% per year over the past 5 years.

Accelerating Growth: GTE's earnings growth over the past year (21367.1%) exceeds its 5-year average (20.3% per year).

Earnings vs Industry: GTE earnings growth over the past year (21367.1%) exceeded the Oil and Gas industry 62.2%.


Return on Equity

High ROE: GTE's Return on Equity (10%) is considered low.


Return on Assets

ROA vs Industry: GTE has a higher Return on Assets than the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: GTE's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Gran Tierra Energy's financial position?


Financial Position Analysis

Short Term Liabilities: GTE's short term assets ($340.6M) exceeds its short term liabilities ($189.2M)

Long Term Liabilities: GTE's short term assets (340.6M) do not cover its long term liabilities (795.7M)


Debt to Equity History and Analysis

Debt Level: GTE's debt to equity ratio (65.9%) is considered high

Reducing Debt: Insufficient data to determine if GTE's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: GTE's debt is well covered by operating cash flow (35.7%).

Interest Coverage: GTE's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet

Inventory Level: GTE has a high level of physical assets or inventory.

Debt Coverage by Assets: GTE's debt is not covered by short term assets (assets are 0.5x debt).


Next Steps

Dividend

What is Gran Tierra Energy's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.9%industryaverage4.9%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate GTE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate GTE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if GTE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GTE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GTE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Gran Tierra Energy's salary, the management and board of directors tenure and is there insider trading?

3.9yrs

Average management tenure


CEO

Greg Guidry (63yo)

4.4yrs

Tenure

US$1,601,554

Compensation

Mr. Gary Stephen Guidry, also known as Greg, P.Eng. has been the Chief Executive Officer and President of Gran Tierra Energy, Inc. since May 7, 2015. Mr. Guidry has been Executive Director at Caracal Energ ...


CEO Compensation Analysis

Compensation vs. Market: Greg's total compensation ($USD1.60M) is about average for companies of similar size in the Canadian market ($USD1.08M).

Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.9yrs

Average Tenure

60yo

Average Age

Experienced Management: GTE's management team is considered experienced (3.9 years average tenure).


Board Age and Tenure

4.3yrs

Average Tenure

64.5yo

Average Age

Experienced Board: GTE's board of directors are considered experienced (4.3 years average tenure).


Insider Trading

Insider Buying: GTE insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$48,00503 Sep 19
Thomas Claugus
EntityIndividual
Shares25,600
Max PriceUS$1.88
BuyUS$1,083,49103 Sep 19
GMT Capital Corp.
EntityCompany
Shares577,800
Max PriceUS$1.88
BuyUS$750,83730 Aug 19
GMT Capital Corp.
EntityCompany
Shares422,200
Max PriceUS$1.84
BuyUS$33,08030 Aug 19
Thomas Claugus
EntityIndividual
Shares18,600
Max PriceUS$1.84
BuyUS$2,75330 Aug 19
GMT Capital Corp.
EntityCompany
Shares1,500
Max PriceUS$1.84
BuyUS$348,78729 Aug 19
David Smith
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares205,000
Max PriceUS$1.70
BuyUS$17,10729 Aug 19
Thomas Claugus
EntityIndividual
Shares9,900
Max PriceUS$1.73
BuyUS$388,97029 Aug 19
GMT Capital Corp.
EntityCompany
Shares225,100
Max PriceUS$1.73
BuyUS$351,42315 Aug 19
Brooke Wade
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares185,000
Max PriceUS$1.91
BuyUS$21,49620 Jun 19
Robert Hodgins
EntityIndividual
Role
Chairman of the Board
Independent Chairman
Shares10,000
Max PriceUS$2.15
BuyUS$39,55220 Jun 19
Ryan Ellson
EntityIndividual
Role
Chief Financial Officer
CFO & Executive VP of Finance
Shares18,400
Max PriceUS$2.15
BuyUS$203,06710 May 19
Thomas Claugus
EntityIndividual
Shares69,100
Max PriceUS$2.94
BuyUS$4,408,09310 May 19
GMT Capital Corp.
EntityCompany
Shares1,500,000
Max PriceUS$2.94
BuyUS$55,06409 May 19
Thomas Claugus
EntityIndividual
Shares18,800
Max PriceUS$2.93
BuyUS$1,198,80509 May 19
GMT Capital Corp.
EntityCompany
Shares409,300
Max PriceUS$2.93
BuyUS$147,46208 May 19
Thomas Claugus
EntityIndividual
Shares50,300
Max PriceUS$2.93
BuyUS$3,197,54208 May 19
GMT Capital Corp.
EntityCompany
Shares1,090,700
Max PriceUS$2.93
BuyUS$1,061,60115 Apr 19
GMT Capital Corp.
EntityCompany
Shares322,600
Max PriceUS$3.29
BuyUS$48,70315 Apr 19
Thomas Claugus
EntityIndividual
Shares14,800
Max PriceUS$3.29
BuyUS$48,70312 Apr 19
Thomas Claugus
EntityIndividual
Shares14,800
Max PriceUS$3.29
BuyUS$1,061,60112 Apr 19
GMT Capital Corp.
EntityCompany
Shares322,600
Max PriceUS$3.29
BuyUS$14,60110 Apr 19
Thomas Claugus
EntityIndividual
Shares4,400
Max PriceUS$3.32
BuyUS$317,23410 Apr 19
GMT Capital Corp.
EntityCompany
Shares95,600
Max PriceUS$3.32
BuyUS$18,157,69904 Apr 19
GMT Capital Corp.
EntityCompany
Shares5,750,000
Max PriceUS$3.35
BuyUS$835,79004 Apr 19
Thomas Claugus
EntityIndividual
Shares264,800
Max PriceUS$3.35
BuyUS$1,379,62704 Apr 19
GMT Exploration Company LLC
EntityCompany
Shares430,000
Max PriceUS$3.21
BuyUS$72,06102 Apr 19
Thomas Claugus
EntityIndividual
Shares23,000
Max PriceUS$3.14
BuyUS$1,566,53002 Apr 19
GMT Capital Corp.
EntityCompany
Shares500,000
Max PriceUS$3.14
BuyUS$49,31328 Mar 19
Thomas Claugus
EntityIndividual
Shares15,700
Max PriceUS$3.14
BuyUS$1,065,73528 Mar 19
GMT Capital Corp.
EntityCompany
Shares339,300
Max PriceUS$3.14
BuyUS$129,38826 Mar 19
Thomas Claugus
EntityIndividual
Shares41,900
Max PriceUS$3.13
BuyUS$2,812,26026 Mar 19
GMT Capital Corp.
EntityCompany
Shares910,700
Max PriceUS$3.13
BuyUS$45,32322 Mar 19
Thomas Claugus
EntityIndividual
Shares13,700
Max PriceUS$3.31
BuyUS$980,46522 Mar 19
GMT Capital Corp.
EntityCompany
Shares296,368
Max PriceUS$3.31
BuyUS$108,41120 Mar 19
Thomas Claugus
EntityIndividual
Shares32,400
Max PriceUS$3.35
BuyUS$2,354,35720 Mar 19
GMT Capital Corp.
EntityCompany
Shares703,632
Max PriceUS$3.35
BuyUS$73,96619 Mar 19
Thomas Claugus
EntityIndividual
Shares23,000
Max PriceUS$3.33
BuyUS$1,607,86319 Mar 19
GMT Capital Corp.
EntityCompany
Shares500,000
Max PriceUS$3.33
BuyUS$1,066,70913 Mar 19
GMT Capital Corp.
EntityCompany
Shares343,600
Max PriceUS$3.10
BuyUS$49,05113 Mar 19
Thomas Claugus
EntityIndividual
Shares15,800
Max PriceUS$3.10
BuyUS$22,22212 Mar 19
Thomas Claugus
EntityIndividual
Shares7,200
Max PriceUS$3.09
BuyUS$482,71212 Mar 19
GMT Capital Corp.
EntityCompany
Shares156,400
Max PriceUS$3.09
BuyUS$37,24108 Mar 19
Lawrence West
EntityIndividual
Role
Senior Key Executive
Vice President of Exploration
Shares12,000
Max PriceUS$3.10
BuyUS$52,14004 Mar 19
Rodger Trimble
EntityIndividual
Role
Head of Investor Relations
Vice President of Investor Relations
Shares16,800
Max PriceUS$3.10
BuyUS$1,515,48226 Feb 19
GMT Capital Corp.
EntityCompany
Shares500,000
Max PriceUS$3.03
BuyUS$69,71226 Feb 19
Thomas Claugus
EntityIndividual
Shares23,000
Max PriceUS$3.03
BuyUS$356,88725 Feb 19
GMT Capital Corp.
EntityCompany
Shares116,200
Max PriceUS$3.07
BuyUS$16,58525 Feb 19
Thomas Claugus
EntityIndividual
Shares5,400
Max PriceUS$3.07
BuyUS$123,49122 Feb 19
Thomas Claugus
EntityIndividual
Shares40,700
Max PriceUS$3.03
BuyUS$2,681,61122 Feb 19
GMT Capital Corp.
EntityCompany
Shares883,800
Max PriceUS$3.03
BuyUS$73,48220 Feb 19
Thomas Claugus
EntityIndividual
Shares23,000
Max PriceUS$3.19
BuyUS$1,597,43220 Feb 19
GMT Capital Corp.
EntityCompany
Shares500,000
Max PriceUS$3.19
BuyUS$1,787,44429 Jan 19
GMT Exploration Company LLC
EntityCompany
Shares630,000
Max PriceUS$2.84
SellUS$632,59625 Jan 19
GMT Exploration Company LLC
EntityCompany
Shares200,000
Max PriceUS$3.16
BuyUS$1,044,11402 Jan 19
GMT Exploration Company LLC
EntityCompany
Shares358,000
Max PriceUS$2.92
BuyUS$682,44802 Jan 19
GMT Capital Corp.
EntityCompany
Shares233,994
Max PriceUS$2.92
BuyUS$33,24802 Jan 19
Thomas Claugus
EntityIndividual
Shares11,400
Max PriceUS$2.92
BuyUS$48,40126 Dec 18
Thomas Claugus
EntityIndividual
Shares13,000
Max PriceUS$3.72
BuyUS$990,37726 Dec 18
GMT Capital Corp.
EntityCompany
Shares266,006
Max PriceUS$3.72
BuyUS$26,87705 Dec 18
Thomas Claugus
EntityIndividual
Shares7,600
Max PriceUS$3.54
BuyUS$554,15705 Dec 18
GMT Capital Corp.
EntityCompany
Shares156,700
Max PriceUS$3.54
BuyUS$60,69204 Dec 18
Thomas Claugus
EntityIndividual
Shares16,800
Max PriceUS$3.61
BuyUS$1,240,20804 Dec 18
GMT Capital Corp.
EntityCompany
Shares343,300
Max PriceUS$3.61
BuyUS$83,23526 Nov 18
Thomas Claugus
EntityIndividual
Shares24,400
Max PriceUS$3.41
BuyUS$1,705,63826 Nov 18
GMT Capital Corp.
EntityCompany
Shares500,000
Max PriceUS$3.41
BuyUS$63,33806 Nov 18
Thomas Claugus
EntityIndividual
Shares16,100
Max PriceUS$3.93
BuyUS$1,298,23706 Nov 18
GMT Capital Corp.
EntityCompany
Shares330,000
Max PriceUS$3.93
BuyUS$59,32429 Oct 18
Thomas Claugus
EntityIndividual
Shares14,600
Max PriceUS$4.06
BuyUS$1,218,98829 Oct 18
GMT Capital Corp.
EntityCompany
Shares300,000
Max PriceUS$4.06

Ownership Breakdown


Management Team

  • Rodger Trimble (57yo)

    Vice President of Investor Relations

    • Tenure: 3.3yrs
  • Greg Guidry (63yo)

    President

    • Tenure: 4.4yrs
    • Compensation: US$1.60m
  • Ryan Ellson (43yo)

    CFO & Executive VP of Finance

    • Tenure: 4.4yrs
    • Compensation: US$1.19m
  • Lawrence West (63yo)

    Vice President of Exploration

    • Tenure: 4.4yrs
    • Compensation: US$913.25k
  • Manuel Buitrago

    President & Country Manager of Gran Tierra Energy Colombia

    • Tenure: 1.8yrs
  • Enrique Villalobos

    President & Country Manager of Gran Tierra Energy Ecuador

    • Tenure: 0.8yrs

Board Members

  • Brooke Wade (66yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$137.87k
  • Bob Hodgins (68yo)

    Independent Chairman

    • Tenure: 0yrs
    • Compensation: US$201.48k
  • Peter Dey (78yo)

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: US$134.21k
  • David Smith (60yo)

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: US$143.36k
  • Greg Guidry (63yo)

    President

    • Tenure: 4.4yrs
    • Compensation: US$1.60m
  • Sondra Scott (52yo)

    Independent Director

    • Tenure: 2.1yrs
    • Compensation: US$130.48k
  • Ron Royal (70yo)

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: US$142.26k
  • Evan Hazell (60yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$128.71k

Company Information

Gran Tierra Energy Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gran Tierra Energy Inc.
  • Ticker: GTE
  • Exchange: TSX
  • Founded: 2003
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$407.350m
  • Listing Market Cap: US$537.282m
  • Shares outstanding: 366.98m
  • Website: https://www.grantierra.com

Number of Employees


Location

  • Gran Tierra Energy Inc.
  • 520 – 3rd Avenue SW
  • Suite 900
  • Calgary
  • Alberta
  • T2P 0R3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GTEAMEX (NYSE MKT LLC)YesCommon SharesUSUSDJul 2005
G1PDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2005
GTETSX (The Toronto Stock Exchange)YesCommon SharesCACADJul 2005
GTELSE (London Stock Exchange)YesCommon SharesGBGBPJul 2005

Biography

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 r ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 00:04
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.