Updated Investment Thesis On Gran Tierra Energy Inc. (GTE), Alta Mesa Resources, Inc. (AMR)

7 analysts out of 9 Wall Street brokerage firms rate Gran Tierra Energy Inc. (NYSE:GTE) as a Buy, while 0 see it as a Sell. The rest 2 describe it as a Hold. GTE stock traded higher to an intra-day high of $2.01. At one point in session, its potential discontinued and the price was down to lows at $1.96. Analysts have set GTE’s consensus price at $4.72, effectively giving it a 139.59% projection on returns. Should the projected estimates be met, then the stock will likely hit its highest price at $4.89 (up 148.22% from current price levels). GTE has a 8.5% ROE, lower than the 18.52% average for the industry. The average ROE for the sector is 14.22%.

It is expected that in Jun 2019 quarter GTE will have an EPS of $0.04, suggesting a -20% growth. For Sep 2019 is projected at $0.05. It means that there could be a -72.22% growth in the quarter. Yearly earnings are expected to rise by -42.31% to about $0.15. As for the coming year, growth will be about 20%, lifting earnings to $0.18. RSI after the last trading period was 36.21. GTE recorded a change of 0% over the past week and returned -14.35% over the last three months while the GTE stock’s monthly performance revealed a shift in price of -7.94%. The year to date (YTD) performance stands at -9.22%, and the bi-yearly performance specified an activity trend of -22.75% while the shares have moved -38.44% for the past 12 months.

Gran Tierra Energy Inc. (GTE) currently trades at $1.97, which is lower by 0% its previous price. It has a total of 386.93 million outstanding shares, with an ATR of around 0.08. The company’s stock volume dropped to 1.53 million, worse than 2.02 million that represents its 50-day average. A 5-day decrease of about 0% in its price means GTE is now -9.22% lower on year-to-date. The shares have surrendered $43606.03 since its $3.96 52-week high price recorded on 2nd of October 2018. Overall, it has seen a growth rate of -38.44 over the last 12 months. The current price per share is $0.05 above the 52 week low of $1.92 set on 23rd of May 2019.

Gran Tierra Energy Inc. (NYSE:GTE)’s EPS was $0.01 as reported for the March quarter. In comparison, the same quarter a year ago had an EPS of $0.05. That means that its growth in general now stands at -80%. Therefore, a prediction of $0.12 given by the analysts brought a negative surprise of -92%. GTE March quarter revenue was $136.64 million, compared to $127.18 million recorded in same quarter last year, giving it a 7% growth rate. The company’s $9.46 million revenue growth that quarter surprised Wall Street and investors will need to consider this as they assess the stock.

Alta Mesa Resources, Inc. (NASDAQ:AMR) shares depreciated -10.35% over the last trading period, taking overall 5-day performance up to -28.8%. AMR’s price now at $0.15 is weaker than the 50-day average of $0.2. Getting the trading period increased to 200 days, the stock price was seen at $1.68 on average. The general public currently hold control of a total of 89.3 million shares, which is the number publicly available for trading. The total of shares that it has issued to investors is 187.65 million. The company’s management holds a total of 0.1%, while institutional investors hold about 0% of the remaining shares. AMR share price finished last trade -6.72% below its 20 day simple moving average and its downbeat gap from 200 day simple moving average is -91.29%, while closing the session with -25.46% distance from 50 day simple moving average.

Alta Mesa Resources, Inc. (AMR) shares were last observed trading -98.02% down since June 14, 2018 when the peak of $7.48 was hit. Last month’s price growth of -30.6% puts AMR performance for the year now at -85.19%. Consequently, the shares price is trending higher by 32.71%, a 52-week worst price since May. 22, 2019. However, it is losing value with -90.63% in the last 6 months. From a technical perspective, it appears more likely that the stock will experience a Bull Run market as a result of the strong support seen recently between $0.13 and $0.14. The immediate resistance area is now $0.16 Williams’s %R (14) for AMR moved to 88.89 while the stochastic %K points at 15.07.