Gran Tierra Energy Inc., together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. As of December 31, 2020, it had total proved undeveloped reserves of 26.2 million barrels of oil equivalent in Colombia. The company was incorporated in 2003 and is headquartered in Calgary, Canada.
IPO Year:
Exchange: AMEX
Website: grantierra.com
Date | Price Target | Rating | Analyst |
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4/18/2022 | Buy | Canaccord Genuity |
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4 - GRAN TIERRA ENERGY INC. (0001273441) (Issuer)
4 - GRAN TIERRA ENERGY INC. (0001273441) (Issuer)
Canaccord Genuity initiated coverage of Gran Tierra Energy with a rating of Buy
CIBC upgraded Gran Tierra Energy from Underperformer to Neutral and set a new price target of $1.25 from $0.50 previously
CIBC upgraded Gran Tierra Energy from Sector Underperform to Neutral
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High Impact Exploration Program Continues to Deliver Exciting Catalysts for Growth with the Completion of the Charapa 3D Seismic Program Along with Drilling of the Bocachico Norte-J1 and Charapa B6 Wells Arawana-J1 and Bocachico-J1 Wells Continue to Yield Strong Production Results and Continued Positive Exploration Results with Bocachico Norte-J1 Second Quarter 2024 Total Average WI Production of 32,776 BOPD, a 4% Increase in Production per Share from Second Quarter 2023Since January 1, 2023, Gran Tierra has Re-purchased Approximately 3.9 million or 11% of Its Outstanding SharesAchieved Second Quarter 2024 Net Income of $36 MillionOperating Netback of $113 Million and Adjusted EBITDA of $103
CALGARY, Alberta, July 24, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE)(TSX:GTE)(LSE:GTE) announces that the Company will release its 2024 second quarter financial and operating results on Wednesday, July 31, 2024, after market close. Gran Tierra will host its 2024 second quarter results conference call on Thursday, August 1, 2024, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time. Interested parties may register for the conference call by clicking on this link. Please note that there is no longer a general dial-in number to participate, and each individual party must register through the provided link. Once parties have registered, they w
First Quarter 2024 Total Average WI Production of 32,242 BOPD, a 3% increase from Prior QuarterPositive Preliminary Results in the Arawana Exploration WellTotal Current(1) Average Production of Approximately 33,400 BOPDFunds Flow from Operations of $74 Million, Free Cash Flow of $19 Million and Adjusted EBITDA of $95 Million(2) CALGARY, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE)(TSX:GTE)(LSE:GTE) today announced the Company's financial and operating results for the quarter ended March 31, 2024 ("the Quarter"). All dollar amounts are in United States dollars, and production amounts are on an average working interest ("WI")
CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE)(TSX:GTE)(LSE:GTE) announces that the Company will release its 2024 first quarter financial and operating results on Wednesday, May 1, 2024, post-market. Gran Tierra will host its first quarter 2024 results conference call on Thursday, May 2, 2024, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time. Gran Tierra also provides the following information regarding the Company's Annual Meeting of Stockholders. Gran Tierra's 2024 Annual Meeting of Stockholders will be held on Thursday, May 2, 2024, at 10:00 a.m. Mountain Time, 12:00 p.m. Eastern Time. Our Annual Meeting will
Realized 2023 Net Loss of $6 Million ($0.19 per Share, Basic) and 2023 Adjusted EBITDA1 of $399 MillionGenerated 2023 Funds Flow from Operations1 of $277 Million and 2023 Free Cash Flow1 of $58 Million ($1.73 per Share, Basic)Met 2023 Production Guidance by Achieving 2023 Average Working Interest Production of 32,647 BOPD, Up 6% from 2022Fifth Consecutive Year of 1P Total Company Reserves GrowthHighest Year-End Total Company Reserves in Company History - 90 MMBOE 1P, 147 MMBOE 2P and 207 MMBOE 3P and Achieved 154% 1P, 242% 2P and 303% 3P Reserves ReplacementNet Asset Value per Share of $18.79 Before Tax and $10.46 After Tax (PDP), $44.48 Before Tax and $24.06 After Tax (1P), and $79.13 Befor
CALGARY, Alberta, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE)(TSX:GTE)(LSE:GTE) announces that the Company will release its fourth quarter and year ended December 31, 2023, financial and operating results on Tuesday, February 20, 2024, before market open. Gran Tierra will host its 2023 fourth quarter and year-end results conference call on Tuesday, February 20, 2024, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time. Interested parties may register for the conference call by clicking on this link. Please note that there is no longer a general dial-in number to participate, and each individual party must register through the pro
Third Quarter 2023 Total Average WI Production of 33,940 BOPD, Up 12% from One Year Ago and Up 1% from Prior Quarter, Highest Quarterly Average Since Second Quarter 2019 Third Quarter 2023 Net Income of $7 Million, Funds Flow from Operations of $79 Million and Free Cash Flow of $36 Million Third Quarter 2023 Adjusted EBITDA of $119 Million and 12-Month Trailing Adjusted EBITDA of $413 MillionSubsequent to Third Quarter 2023, Issuance of New 9.500% Senior Secured Amortizing Notes Due 2029 in Exchange for Existing Notes Improves Balance Sheet, Reduces Overall Leverage and Provides Additional Financial Flexibility CALGARY, Alberta, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy
CALGARY, Alberta, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE) (TSX:GTE) (LSE:GTE) announces that the Company will release its 2023 third quarter financial and operating results on Tuesday, October 31, 2023, after market close. Gran Tierra will host its 2023 third quarter results conference call on Wednesday, November 1, 2023, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time. Interested parties may register for the conference call by clicking on this link. Please note that there is no longer a general dial-in number to participate and each individual party must register through the provided link. Once parties have registered, the
Second Quarter 2023 Total Average Production of 33,719 BOPD, Up 10% from One Year Ago and Up 7% from Prior QuarterThird Quarter-To-Date 2023 Total Average Production(1) of Approximately 35,300 BOPDColombia 2023 Development Campaign Complete - 21 Wells Drilled During First Half 2023 CALGARY, Alberta, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE)(TSX:GTE)(LSE:GTE) today announced the Company's financial and operating results for the quarter ended June 30, 2023 ("the Quarter"). All dollar amounts are in United States dollars, and production amounts are on an average working interest ("WI") before royalties basis unless otherwise indicat
CALGARY, Alberta, July 25, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE)(TSX:GTE)(LSE:GTE) announces that the Company will release its 2023 second quarter financial and operating results on Tuesday, August 1, 2023, after market close. Gran Tierra will host its 2023 second quarter results conference call on Wednesday, August 2, 2023, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time. About Gran Tierra Energy Inc. Gran Tierra Energy Inc. together with its subsidiaries is an independent international energy company currently focused on oil and natural gas exploration and production in Colombia and Ecuador. The Company is currently developing
CALGARY, Alberta, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE)(TSX:GTE)(LSE:GTE) today announced that it has completed its previously announced offering of an additional $150 million aggregate principal amount of its previously issued 9.500% Senior Secured Amortizing Notes due 2029 (the "Notes") in a private placement to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act, and pursuant to certain pr
CALGARY, Alberta, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE)(TSX:GTE)(LSE:GTE) today announced that it has priced its offering of an additional $150 million aggregate principal amount of its previously issued 9.500% Senior Secured Amortizing Notes due 2029 (the "Notes") in a private placement to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act, and pursuant to certain prospectus exemptions in Ca
CALGARY, Alberta, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE) (TSX:GTE) (LSE:GTE) today announced that it intends, subject to market and other conditions, to offer an additional amount of its previously issued 9.500% Senior Secured Amortizing Notes due 2029 (the "Notes") in a private placement to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act, and pursuant to certain prospectus exemptions in Ca
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. For immediate release CALGARY, Alberta, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Recommended And Final* Cash And Share Acquisition of i3 Energy Plc ("i3 Energy")byGran Tierra Energy Inc. ("Gran Tierra") to be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006 27 August 2024 Update on Regulatory Conditions On 19 August 2024, the boards of directors of i3 Energy and Gran Tierra announced pursuant to Rule 2.7 of the City Code on Takeo
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY RESTRICTED JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. THE FOLLOWING ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS OR CIRCULAR OR PROSPECTUS OR CIRCULAR EQUIVALENT DOCUMENT AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION IN RELATION TO THE NEW GRAN TIERRA SHARES EXCEPT ON THE BASIS OF THE INFORMATION IN THE SCHEME DOCUMENT WHICH IS PROPOSED TO BE PUBLISHED IN DUE COURSE. NEITHER THIS ANNOUNCEMENT, NOR THE INFORMATION CONTAINED HEREIN, CONSTITUTE A SOLICITATION OF PROXIES WITHIN THE MEANING OF
CALGARY, Alberta, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE)(TSX:GTE)(LSE:GTE) today announced an operational update. Production amounts are on an average working interest before royalties ("WI") basis unless otherwise indicated. Per barrel ("bbl") and bbl of oil per day ("BOPD") amounts are based on WI sales before royalties. Message to Shareholders "We are pleased to announce that Gran Tierra has successfully made another oil discovery with the Charapa-B6 well on the Charapa Block in Ecuador. This significant find is located just west of the recently discovered Arawana-J1 and Bocachico Norte-J1 wells on the Chanangue Block, fu
CALGARY, Alberta, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE) (TSX:GTE) (LSE:GTE) today announced an operational update. Production amounts are on an average working interest before royalties ("WI") basis unless otherwise indicated. Per barrel ("bbl") and bbl of oil per day ("BOPD") amounts are based on WI sales before royalties. Message to Shareholders Gary Guidry, President and Chief Executive Officer of Gran Tierra, commented: "We are thrilled with the continued success of the Bocachico Norte-J1 well which marks the fourth consecutive oil discovery in Ecuador. These discoveries are a testament to our strong technical analysis
High Impact Exploration Program Continues to Deliver Exciting Catalysts for Growth with the Completion of the Charapa 3D Seismic Program Along with Drilling of the Bocachico Norte-J1 and Charapa B6 Wells Arawana-J1 and Bocachico-J1 Wells Continue to Yield Strong Production Results and Continued Positive Exploration Results with Bocachico Norte-J1 Second Quarter 2024 Total Average WI Production of 32,776 BOPD, a 4% Increase in Production per Share from Second Quarter 2023Since January 1, 2023, Gran Tierra has Re-purchased Approximately 3.9 million or 11% of Its Outstanding SharesAchieved Second Quarter 2024 Net Income of $36 MillionOperating Netback of $113 Million and Adjusted EBITDA of $103
Investors, Analysts, and Energy Industry Professionals Can Register to Attend at www.enercomdenver.com DENVER, July 29, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to announce that institutional investors, portfolio managers, financial analysts, CIOs and other investment industry professionals registered for EnerCom Denver – The Energy Investment Conference can now request One-on-One meetings with senior management teams of participating companies (listed below). The energy investment community and industry professionals are encouraged to register now for EnerCom Denver, which will take place August 18–21, 2024, at the Westin Denver Downtown. There is no cost to register for the conference
CALGARY, Alberta, July 24, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE)(TSX:GTE)(LSE:GTE) announces that the Company will release its 2024 second quarter financial and operating results on Wednesday, July 31, 2024, after market close. Gran Tierra will host its 2024 second quarter results conference call on Thursday, August 1, 2024, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time. Interested parties may register for the conference call by clicking on this link. Please note that there is no longer a general dial-in number to participate, and each individual party must register through the provided link. Once parties have registered, they w
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY RESTRICTED JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. THE FOLLOWING ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS OR CIRCULAR OR PROSPECTUS OR CIRCULAR EQUIVALENT DOCUMENT AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION IN RELATION TO THE NEW GRAN TIERRA SHARES EXCEPT ON THE BASIS OF THE INFORMATION IN THE SCHEME DOCUMENT WHICH IS PROPOSED TO BE PUBLISHED IN DUE COURSE. NEITHER THIS ANNOUNCEMENT, NOR THE INFORMATION CONTAINED HEREIN, CONSTITUTE A SOLICITATION OF PROXIES WITHIN THE MEANING OF
CALGARY, Alberta, May 03, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE)(TSX:GTE)(LSE:GTE) today announced the voting results from the Company's annual meeting of stockholders held on May 2, 2024. Final Voting Results of Gran Tierra's Annual Meeting of Stockholders: Stockholders elected all nine individuals nominated by Gran Tierra. In addition, stockholders voted "FOR" the ratification of the appointment of KPMG LLP as Gran Tierra's independent registered public accounting firm for the fiscal year ending December 31, 2024, and "FOR" the approval, on an advisory basis, of the compensation of Gran Tierra's named executive officers. The detaile
CALGARY, Alberta, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE)(TSX:GTE)(LSE:GTE) is pleased to announce the appointment of Mr. Sebastien Morin as Chief Operating Officer ("COO"). Mr. Morin will be joining Gran Tierra as COO, located in Calgary and will report to Gary Guidry, President and Chief Executive Officer. Mr. Morin was most recently President & COO at WesternZagros Resources Ltd., a privately-owned petroleum operating company with production sharing contracts in the Kurdistan region of Iraq. Prior to WesternZagros Resources, Mr. Morin was previously employed by Gran Tierra, holding progressively more senior positions in Colom
CALGARY, Alberta, May 03, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE) (TSX:GTE) (LSE:GTE) today announced the voting results from the Company's annual meeting of stockholders held on May 3, 2023. Final Voting Results of Gran Tierra's Annual Meeting of Stockholders: Stockholders elected all nine individuals nominated by Gran Tierra. In addition, stockholders voted "FOR" the ratification of the appointment of KPMG LLP as Gran Tierra's independent registered public accounting firm for the fiscal year ending December 31, 2023, "FOR" the approval of the compensation of Gran Tierra's named executive officers, and "FOR" the approval of the amendme
CALGARY, Alberta, May 05, 2022 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE)(TSX:GTE)(LSE:GTE) today announced the voting results from the Company's annual meeting of stockholders held on May 4, 2022. Final Voting Results of Gran Tierra's Annual Meeting of Stockholders: Stockholders elected all nine individuals nominated by Gran Tierra. In addition, stockholders voted "FOR" the ratification of the appointment of KPMG LLP as Gran Tierra's independent registered public accounting firm for the fiscal year ending December 31, 2022, "FOR" the approval, on an advisory basis, of the compensation of Gran Tierra's named executive officers, "EVERY YEAR" as
CALGARY, Alberta, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra") (NYSE:GTE) (TSX:GTE) (LSE:GTE), is pleased to announce the appointment of Alison Redford to the Board of Directors of Gran Tierra as an independent director, effective September 1, 2021. Ms. Redford serves as an advisor to national governments and ministries in emerging economies on regulatory reform to promote transparency and investor confidence. She provides independent advice on the creation of regulatory regimes related to climate, social and governance sustainability most recently in Pakistan, Afghanistan, South Sudan and Guyana. Separately, Ms. Redford also serves as a strategic advisor to p
CALGARY, Alberta, June 03, 2021 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE) (TSX:GTE) (LSE:GTE) today announced the results of the Company's semi-annual credit facility redetermination and the voting results from its annual meeting of stockholders held on June 2, 2021. Results of Semi-Annual Credit Facility Redetermination: The semi-annual redetermination of Gran Tierra's bank-syndicated revolving credit facility has been completed, and the syndicate of lenders party to the facility has agreed to confirm the facility with no changes. The next redetermination is scheduled for November 2021. Final Voting Results of Gran Tierra's Annual Meeting of
Gran Tierra Energy (AMEX:GTE) reported $157.58 million in sales this quarter. This is a 9.28 percent increase over sales of $144.19 million the same period last year.
RBC Capital analyst Luke Davis maintains Gran Tierra Energy (TSX:GTE) with a Sector Perform and raises the price target from C$9 to C$10.
Companies Reporting Before The Bell • Barclays (NYSE:BCS) is likely to report quarterly earnings at $0.36 per share on revenue of $7.38 billion. • Fresenius Medical Care (NYSE:FMS) is projected to report quarterly earnings at $0.32 per share on revenue of $5.35 billion. • NexPoint Residential (NYSE:NXRT) is projected to report earnings for its fourth quarter. • Summit Therapeutics (NASDAQ:SMMT) is likely to report earnings for its fourth quarter. • Axsome Therapeutics (NASDAQ:AXSM) is projected to report quarterly loss at $1.15 per share on revenue of $67.69 million. • Gran Tierra Energy (AMEX:GTE) is expected to report quarterly loss at $0.13 per share on revenue of $60 thousand. • O
Gran Tierra Energy (AMEX:GTE) reported quarterly losses of $(0.23) per share.
Gran Tierra Energy (AMEX:GTE) is set to give its latest quarterly earnings report on Tuesday, 2024-02-20. Here's what investors need to know before the announcement. Analysts estimate that Gran Tierra Energy will report an earnings per share (EPS) of $-0.13. Gran Tierra Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.65, which was followed by a 6.37% increa
Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE)(TSX:GTE)(LSE:GTE) today announced that it has priced its offering of an additional $100 million aggregate principal amount of its previously issued 9.500% Senior Secured Amortizing Notes due 2029 (the "Notes") in a private placement to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act, and pursuant to certain prospectus exemptions in Canada.
Gran Tierra Energy (AMEX:GTE) reported quarterly earnings of $0.20 per share which beat the analyst consensus estimate of $(0.45) by 144.44 percent. This is a 80 percent decrease over earnings of $1.00 per share from the same period last year. The company reported quarterly sales of $179.92 million which beat the analyst consensus estimate of $60.00 thousand by 299.77K percent. This is a 6.84 percent increase over sales of $168.40 million the same period last year.