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Gran Tierra Energy Inc
Gran Tierra Energy Inc. is a public company that is listed on the New York Stock Exchange (NYSE) under the ticker symbol "GTE." It is an oil and gas exploration and production company that focuses on acquiring, exploring, and developing oil and natural gas properties in South America. The company was founded in 2006 and is headquartered in Calgary, Canada.
Gran Tierra Energy Inc. has operations in Colombia, Peru, and Brazil, and its primary focus is on developing its assets in the Putumayo Basin in Colombia and the NorOriente Basin in Peru. The company has a strong track record of growth, with proven and probable reserves of 194 million barrels of oil equivalent (MMboe) at the end of 2020.
In terms of financial performance, Gran Tierra Energy has consistently demonstrated profitability in recent years. In 2020, the company reported net income of $75.8 million, up from $26.7 million in 2019. The company's revenue for 2020 was $426.1 million, a significant increase from $262.5 million in 2019.
Gran Tierra Energy'ises on the NYSE under the ticker symbol "GTE" and has a market capitalization of around $2.3 billion. The company's stock price has been relatively stable in the past year, ranging between $2.50 and $4.50 per share. The company has a strong balance sheet, with a low debt-to-equity ratio of 0.24, which provides it with the financial flexibility to pursue growth opportunities.
Analysts' recommendations for Gran Tierra Energy vary, but overall, they have a positive outlook on the company's prospects. Some analysts have rated the stock as a "buy," while others have rated it as a "hold." The company's strong financial performance, coupled with its promising growth prospects, suggests that it may be a good investment opportunity for those interested in the oil and gas sector. However, as with any investment, it is important to conduct thorough research and consult with a financial advisor before making any investment decisions.
In summary, Gran Tierra Energy is a publicly-traded oil and gas exploration and production company listed on the NYSE with a strong track record of growth and profitability. The company holds a significant presence in South America and has a promising outlook for future growth.