The stock rose 5.91% to $7.53 at 12:08 p.m. on Thursday.
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- The revenue growth came in higher than the industry average of 7.8%. Since the same quarter one year prior, revenues slightly increased by 9.5%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- GTE has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. To add to this, GTE has a quick ratio of 1.84, which demonstrates the ability of the company to cover short-term liquidity needs.
- Net operating cash flow has increased to $171.77 million or 22.35% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -23.54%.
- Compared to where it was a year ago today, the stock is now trading at a higher level, regardless of the company's weak earnings results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- GRAN TIERRA ENERGY INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, GRAN TIERRA ENERGY INC increased its bottom line by earning $0.45 versus $0.36 in the prior year.
- You can view the full analysis from the report here: GTE Ratings Report
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