Intrinsic value of Gran Tierra Energy - GTE

Previous Close

$2.80

  Intrinsic Value

$0.53

stock screener

  Rating & Target

str. sell

-81%

Previous close

$2.80

 
Intrinsic value

$0.53

 
Up/down potential

-81%

 
Rating

str. sell

We calculate the intrinsic value of GTE stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  430
  440
  451
  464
  478
  494
  510
  529
  548
  569
  592
  616
  641
  668
  697
  728
  760
  794
  831
  869
  909
  951
  996
  1,043
  1,093
  1,145
  1,200
  1,258
  1,319
  1,383
Variable operating expenses, $m
  1,368
  1,399
  1,435
  1,475
  1,519
  1,568
  1,621
  1,678
  1,740
  1,807
  1,867
  1,943
  2,024
  2,110
  2,201
  2,297
  2,399
  2,507
  2,621
  2,741
  2,869
  3,003
  3,144
  3,293
  3,449
  3,614
  3,788
  3,971
  4,163
  4,366
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,368
  1,399
  1,435
  1,475
  1,519
  1,568
  1,621
  1,678
  1,740
  1,807
  1,867
  1,943
  2,024
  2,110
  2,201
  2,297
  2,399
  2,507
  2,621
  2,741
  2,869
  3,003
  3,144
  3,293
  3,449
  3,614
  3,788
  3,971
  4,163
  4,366
Operating income, $m
  -938
  -959
  -983
  -1,011
  -1,041
  -1,074
  -1,110
  -1,150
  -1,192
  -1,237
  -1,276
  -1,327
  -1,382
  -1,441
  -1,503
  -1,569
  -1,639
  -1,713
  -1,790
  -1,873
  -1,960
  -2,051
  -2,148
  -2,249
  -2,356
  -2,469
  -2,588
  -2,713
  -2,844
  -2,982
EBITDA, $m
  -799
  -817
  -838
  -862
  -888
  -917
  -948
  -982
  -1,018
  -1,057
  -1,099
  -1,143
  -1,191
  -1,241
  -1,295
  -1,352
  -1,412
  -1,475
  -1,542
  -1,613
  -1,688
  -1,767
  -1,850
  -1,938
  -2,030
  -2,127
  -2,229
  -2,337
  -2,450
  -2,569
Interest expense (income), $m
  6
  16
  16
  17
  18
  19
  20
  21
  22
  23
  25
  26
  28
  29
  31
  33
  35
  37
  40
  42
  45
  48
  50
  53
  57
  60
  64
  67
  71
  75
  80
Earnings before tax, $m
  -953
  -975
  -1,000
  -1,028
  -1,060
  -1,094
  -1,131
  -1,172
  -1,215
  -1,262
  -1,302
  -1,355
  -1,412
  -1,472
  -1,536
  -1,604
  -1,676
  -1,752
  -1,833
  -1,918
  -2,007
  -2,102
  -2,201
  -2,306
  -2,416
  -2,533
  -2,655
  -2,784
  -2,919
  -3,062
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -953
  -975
  -1,000
  -1,028
  -1,060
  -1,094
  -1,131
  -1,172
  -1,215
  -1,262
  -1,302
  -1,355
  -1,412
  -1,472
  -1,536
  -1,604
  -1,676
  -1,752
  -1,833
  -1,918
  -2,007
  -2,102
  -2,201
  -2,306
  -2,416
  -2,533
  -2,655
  -2,784
  -2,919
  -3,062

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,458
  1,492
  1,530
  1,573
  1,621
  1,673
  1,730
  1,792
  1,858
  1,930
  2,006
  2,087
  2,174
  2,266
  2,364
  2,467
  2,577
  2,693
  2,816
  2,945
  3,081
  3,225
  3,377
  3,537
  3,705
  3,883
  4,069
  4,266
  4,472
  4,690
Adjusted assets (=assets-cash), $m
  1,458
  1,492
  1,530
  1,573
  1,621
  1,673
  1,730
  1,792
  1,858
  1,930
  2,006
  2,087
  2,174
  2,266
  2,364
  2,467
  2,577
  2,693
  2,816
  2,945
  3,081
  3,225
  3,377
  3,537
  3,705
  3,883
  4,069
  4,266
  4,472
  4,690
Revenue / Adjusted assets
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
  0.295
Average production assets, $m
  1,156
  1,183
  1,213
  1,247
  1,285
  1,327
  1,372
  1,421
  1,474
  1,530
  1,591
  1,655
  1,724
  1,797
  1,874
  1,957
  2,044
  2,135
  2,233
  2,335
  2,443
  2,558
  2,678
  2,805
  2,938
  3,079
  3,227
  3,382
  3,546
  3,719
Working capital, $m
  -62
  -63
  -65
  -67
  -69
  -71
  -73
  -76
  -79
  -82
  -85
  -89
  -92
  -96
  -100
  -105
  -109
  -114
  -120
  -125
  -131
  -137
  -143
  -150
  -157
  -165
  -173
  -181
  -190
  -199
Total debt, $m
  266
  278
  291
  306
  322
  340
  360
  381
  404
  429
  455
  483
  513
  545
  579
  615
  652
  692
  735
  779
  826
  876
  928
  984
  1,042
  1,103
  1,167
  1,235
  1,306
  1,381
Total liabilities, $m
  503
  515
  528
  543
  559
  577
  597
  618
  641
  666
  692
  720
  750
  782
  816
  851
  889
  929
  971
  1,016
  1,063
  1,113
  1,165
  1,220
  1,278
  1,340
  1,404
  1,472
  1,543
  1,618
Total equity, $m
  955
  977
  1,002
  1,030
  1,062
  1,096
  1,133
  1,174
  1,217
  1,264
  1,314
  1,367
  1,424
  1,484
  1,548
  1,616
  1,688
  1,764
  1,844
  1,929
  2,018
  2,113
  2,212
  2,317
  2,427
  2,543
  2,665
  2,794
  2,929
  3,072
Total liabilities and equity, $m
  1,458
  1,492
  1,530
  1,573
  1,621
  1,673
  1,730
  1,792
  1,858
  1,930
  2,006
  2,087
  2,174
  2,266
  2,364
  2,467
  2,577
  2,693
  2,815
  2,945
  3,081
  3,226
  3,377
  3,537
  3,705
  3,883
  4,069
  4,266
  4,472
  4,690
Debt-to-equity ratio
  0.280
  0.280
  0.290
  0.300
  0.300
  0.310
  0.320
  0.320
  0.330
  0.340
  0.350
  0.350
  0.360
  0.370
  0.370
  0.380
  0.390
  0.390
  0.400
  0.400
  0.410
  0.410
  0.420
  0.420
  0.430
  0.430
  0.440
  0.440
  0.450
  0.450
Adjusted equity ratio
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655
  0.655

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -953
  -975
  -1,000
  -1,028
  -1,060
  -1,094
  -1,131
  -1,172
  -1,215
  -1,262
  -1,302
  -1,355
  -1,412
  -1,472
  -1,536
  -1,604
  -1,676
  -1,752
  -1,833
  -1,918
  -2,007
  -2,102
  -2,201
  -2,306
  -2,416
  -2,533
  -2,655
  -2,784
  -2,919
  -3,062
Depreciation, amort., depletion, $m
  139
  142
  145
  149
  153
  158
  163
  168
  174
  180
  177
  184
  192
  200
  208
  217
  227
  237
  248
  259
  271
  284
  298
  312
  326
  342
  359
  376
  394
  413
Funds from operations, $m
  -814
  -833
  -855
  -880
  -907
  -936
  -969
  -1,004
  -1,041
  -1,082
  -1,125
  -1,171
  -1,220
  -1,273
  -1,328
  -1,387
  -1,449
  -1,515
  -1,585
  -1,658
  -1,736
  -1,817
  -1,903
  -1,994
  -2,090
  -2,191
  -2,296
  -2,408
  -2,525
  -2,649
Change in working capital, $m
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -8
  -8
  -8
  -9
  -9
Cash from operations, $m
  -813
  -832
  -854
  -878
  -905
  -934
  -966
  -1,001
  -1,038
  -1,079
  -1,122
  -1,168
  -1,217
  -1,269
  -1,324
  -1,383
  -1,445
  -1,510
  -1,579
  -1,653
  -1,730
  -1,811
  -1,897
  -1,987
  -2,083
  -2,183
  -2,289
  -2,400
  -2,517
  -2,639
Maintenance CAPEX, $m
  -126
  -128
  -131
  -135
  -139
  -143
  -147
  -152
  -158
  -164
  -170
  -177
  -184
  -192
  -200
  -208
  -217
  -227
  -237
  -248
  -259
  -271
  -284
  -298
  -312
  -326
  -342
  -359
  -376
  -394
New CAPEX, $m
  -22
  -27
  -30
  -34
  -38
  -41
  -45
  -49
  -53
  -57
  -60
  -65
  -69
  -73
  -78
  -82
  -87
  -92
  -97
  -103
  -108
  -114
  -120
  -127
  -134
  -141
  -148
  -156
  -164
  -172
Cash from investing activities, $m
  -148
  -155
  -161
  -169
  -177
  -184
  -192
  -201
  -211
  -221
  -230
  -242
  -253
  -265
  -278
  -290
  -304
  -319
  -334
  -351
  -367
  -385
  -404
  -425
  -446
  -467
  -490
  -515
  -540
  -566
Free cash flow, $m
  -961
  -987
  -1,015
  -1,047
  -1,081
  -1,118
  -1,159
  -1,202
  -1,249
  -1,299
  -1,352
  -1,409
  -1,469
  -1,533
  -1,601
  -1,673
  -1,749
  -1,829
  -1,914
  -2,003
  -2,098
  -2,197
  -2,302
  -2,412
  -2,528
  -2,650
  -2,779
  -2,914
  -3,056
  -3,206
Issuance/(repayment) of debt, $m
  10
  12
  13
  15
  16
  18
  20
  21
  23
  25
  26
  28
  30
  32
  34
  36
  38
  40
  42
  45
  47
  50
  52
  55
  58
  61
  64
  68
  71
  75
Issuance/(repurchase) of shares, $m
  972
  997
  1,025
  1,057
  1,091
  1,128
  1,169
  1,212
  1,259
  1,309
  1,352
  1,408
  1,469
  1,533
  1,600
  1,672
  1,748
  1,828
  1,913
  2,002
  2,096
  2,196
  2,300
  2,411
  2,527
  2,649
  2,777
  2,912
  3,055
  3,204
Cash from financing (excl. dividends), $m  
  982
  1,009
  1,038
  1,072
  1,107
  1,146
  1,189
  1,233
  1,282
  1,334
  1,378
  1,436
  1,499
  1,565
  1,634
  1,708
  1,786
  1,868
  1,955
  2,047
  2,143
  2,246
  2,352
  2,466
  2,585
  2,710
  2,841
  2,980
  3,126
  3,279
Total cash flow (excl. dividends), $m
  20
  22
  23
  25
  26
  28
  29
  31
  33
  34
  26
  27
  29
  31
  33
  35
  37
  39
  41
  44
  46
  49
  51
  54
  57
  60
  63
  66
  70
  73
Retained Cash Flow (-), $m
  -972
  -997
  -1,025
  -1,057
  -1,091
  -1,128
  -1,169
  -1,212
  -1,259
  -1,309
  -1,352
  -1,408
  -1,469
  -1,533
  -1,600
  -1,672
  -1,748
  -1,828
  -1,913
  -2,002
  -2,096
  -2,196
  -2,300
  -2,411
  -2,527
  -2,649
  -2,777
  -2,912
  -3,055
  -3,204
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -952
  -976
  -1,002
  -1,032
  -1,065
  -1,100
  -1,139
  -1,181
  -1,226
  -1,274
  -1,326
  -1,381
  -1,439
  -1,502
  -1,567
  -1,637
  -1,711
  -1,789
  -1,872
  -1,959
  -2,050
  -2,147
  -2,249
  -2,357
  -2,470
  -2,589
  -2,714
  -2,846
  -2,985
  -3,131
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  -912
  -893
  -872
  -850
  -825
  -799
  -770
  -738
  -704
  -668
  -630
  -589
  -547
  -504
  -460
  -416
  -372
  -329
  -288
  -249
  -212
  -178
  -147
  -120
  -96
  -76
  -58
  -44
  -33
  -24
Current shareholders' claim on cash, %
  53.0
  28.0
  14.8
  7.8
  4.1
  2.1
  1.1
  0.6
  0.3
  0.2
  0.1
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0

Gran Tierra Energy Inc. is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization. It operates principally in the Putumayo Basin in Colombia, and has properties in other basins, including the Catatumbo, Cauca, Llanos, Sinu-San Jacinto, Middle Magdalena and Lower Magdalena Basins. It has interests in over 30 blocks in Colombia and it is the operator on over 20 of these blocks. Its blocks and fields include Chaza-Costayaco and Moqueta Fields, Guayuyaco-Guayuyaco and Juanambu Fields, Garibay-Jilguero Field and over 11 Other Blocks. Blocks REC-T-129, REC-T-142, REC-T-155 and REC-T-224 are located over 70 kilometers northeast of Salvador, Brazil in the Reconcavo Basin. Its blocks in Peru include Block 123, Block 129, Block 107 and Block 133.

FINANCIAL RATIOS  of  Gran Tierra Energy (GTE)

Valuation Ratios
P/E Ratio -2.4
Price to Sales 3.9
Price to Book 1.3
Price to Tangible Book
Price to Cash Flow 12
Price to Free Cash Flow -20.7
Growth Rates
Sales Growth Rate 4.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -6.4%
Cap. Spend. - 3 Yr. Gr. Rate -15.7%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 23.9%
Total Debt to Equity 23.9%
Interest Coverage -107
Management Effectiveness
Return On Assets -36.7%
Ret/ On Assets - 3 Yr. Avg. -21.6%
Return On Total Capital -45.1%
Ret/ On T. Cap. - 3 Yr. Avg. -27.1%
Return On Equity -50.1%
Return On Equity - 3 Yr. Avg. -28.7%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 88.9%
Gross Margin - 3 Yr. Avg. 90%
EBITDA Margin -174.4%
EBITDA Margin - 3 Yr. Avg. -71.2%
Operating Margin -226%
Oper. Margin - 3 Yr. Avg. -121.1%
Pre-Tax Margin -224.9%
Pre-Tax Margin - 3 Yr. Avg. -120.4%
Net Profit Margin -161.2%
Net Profit Margin - 3 Yr. Avg. -96.3%
Effective Tax Rate 28.3%
Eff/ Tax Rate - 3 Yr. Avg. -230.5%
Payout Ratio 0%

GTE stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GTE stock intrinsic value calculation we used $421.734 million for the last fiscal year's total revenue generated by Gran Tierra Energy. The default revenue input number comes from 0001 income statement of Gran Tierra Energy. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our GTE stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for GTE is calculated based on our internal credit rating of Gran Tierra Energy, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Gran Tierra Energy.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of GTE stock the variable cost ratio is equal to 318%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for GTE stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 6.1% for Gran Tierra Energy.

Corporate tax rate of 27% is the nominal tax rate for Gran Tierra Energy. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the GTE stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for GTE are equal to 268.8%.

Life of production assets of 9 years is the average useful life of capital assets used in Gran Tierra Energy operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for GTE is equal to -14.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $936.335 million for Gran Tierra Energy - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 391.175 million for Gran Tierra Energy is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Gran Tierra Energy at the current share price and the inputted number of shares is $1.1 billion.

RELATED COMPANIES Price Int.Val. Rating
EC Ecopetrol ADR 20.63 3,142.14  str.buy
GPRK GeoPark 17.16 713.89  str.buy
PBR Petroleo Brasi 14.56 190.34  str.buy

COMPANY NEWS

▶ Gran Tierra Energy: 3Q Earnings Snapshot   [05:07AM  Associated Press]
▶ [$$] UK exploration groups turn attention to South America   [Oct-25-18 10:53PM  Financial Times]
▶ CANADA STOCKS-Energy shares pull main index lower   [Oct-18-18 10:17AM  Reuters]
▶ CANADA STOCKS - TSX falls 0.10 percent   [Sep-24-18 04:10PM  Reuters]
▶ Potential Winners and Losers in the U.S.-Mexico Trade Deal   [Aug-29-18 01:09PM  TheStreet.com]
▶ Gran Tierra Energy Inc. to Host Earnings Call   [Aug-03-18 09:00AM  ACCESSWIRE]
▶ Gran Tierra Energy: 2Q Earnings Snapshot   [05:09AM  Associated Press]
▶ Gran Tierra Energy: 1Q Earnings Snapshot   [May-02-18 05:03AM  Associated Press]
▶ Gran Tierra Energy Inc. to Host Earnings Call   [Feb-28-18 08:50AM  ACCESSWIRE]
▶ Gran Tierra Energy reports 4Q loss   [05:04AM  Associated Press]
▶ Here's Why Gran Tierra Energy Inc Stock Is Jumping Today   [Dec-20-17 03:43PM  Motley Fool]
▶ Early Warning Report of Gran Tierra Resources Limited   [Dec-12-17 04:30PM  GlobeNewswire]
▶ Gran Tierra Announces Agreement to Sell Peru Business   [Nov-09-17 09:20AM  GlobeNewswire]
▶ Gran Tierra Energy misses 3Q revenue forecasts   [Nov-06-17 05:38AM  Associated Press]
▶ Weekly Top Insider Buys Highlight for the Week of Oct. 6   [Oct-08-17 04:26PM  GuruFocus.com]
▶ Gran Tierra Appoints New Director   [Sep-19-17 06:00AM  GlobeNewswire]
▶ 9 Stocks Charles Brandes Continues to Buy   [Aug-29-17 05:07PM  GuruFocus.com]
▶ Gran Tierra Energy reports 2Q loss   [Aug-05-17 01:10AM  Associated Press]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.