Sneak Preview of Gran Tierra Energy Inc. ($GTE) 3Q20 Earnings

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Gran Tierra Energy Inc. (AMEX:GTE) is set to announce third quarter earning results on Monday 2nd November 2020, after market close.

Previous Quarter Performance

Gran Tierra Energy Inc. unfold loss for the second quarter of $ 1.01 per share, from the revenue of $ 33.82 million. Street analysts expected $ 190.43 million. The top line results fell short of analysts by $ 156.61 million or 82.24 percent.

Stock Performance

On Friday, shares of Gran Tierra Energy Inc. has traded high as $ 0.20 and has cracked $ 0.19 on the downward trend, reaching $ 0.19 with volume of 1.27 million shares.

According to the previous trading day, closing price of $ 0.19, representing a 5.56 % increase from the 52 week low of $ 0.18 and a 86.23 % decrease over the 52 week high of $ 1.38.

The company has a market capital of $ 68.92 million and is part of the Energy sector and Oil & Gas E&P industry.

Gran Tierra Energy Inc., together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2018, the company had total proved undeveloped reserves of 17.3 million barrels of oil equivalent. Gran Tierra Energy Inc.