This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Stocks Under $7 With Upside

5. Gran Tierra Energy (GTE - Get Report) is a Canada-based upstream energy company with oil and gas properties in Colombia, Argentina and Brazil.

For the second quarter of 2011, the company reported production of 18,141 boe/d, increasing 36% due to additional production from recent discoveries and existing fields. Revenue and other income increased 93% to $162 million. Net income nearly doubled to $31.6 million during the quarter.

Higher production ensured healthy operating cash flow of $64 million over $50 million reported in the same quarter prior year. Cash and cash equivalents were $211.4 million. Management estimates capital expenditure during 2011 to amount to $357million, with $190 million allocated towards drilling, $87 million for seismic acquisition and $79 million for infrastructure.

Following the acquisition of Petrolifera, management expects 2011 production to average between 17,500 to 19,000 boe/d. Analysts surveyed by Bloomberg expect the stock to gain 57% over the next one year. The stock has 88% buy rating.

2 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
LCC $0.00 0.00%
WFR $0.00 0.00%
AAV $5.97 0.00%
AMKR $8.13 0.00%
GTE $3.59 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs