Last C$3.16 CAD
Change Today 0.00 / 0.00%
Volume 2.3M
GTE On Other Exchanges
Symbol
Exchange
Toronto
Bogota
As of 4:36 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

gran tierra energy inc (GTE) Snapshot

Open
C$3.20
Previous Close
C$3.16
Day High
C$3.27
Day Low
C$3.13
52 Week High
03/24/14 - C$8.69
52 Week Low
01/20/15 - C$2.58
Market Cap
872.3M
Average Volume 10 Days
1.7M
EPS TTM
C$0.37
Shares Outstanding
276.1M
EX-Date
--
P/E TM
6.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for GRAN TIERRA ENERGY INC (GTE)

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gran tierra energy inc (GTE) Details

Gran Tierra Energy Inc., an independent energy company, is engaged in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Peru, and Brazil. The company’s acreage includes 3.4 million gross acres covering 17 exploration and production contracts in Colombia; 5.8 million gross acres covering 5 exploration licenses in Peru; and 47,734 gross acres covering 7 exploration blocks in Brazil. The company was incorporated in 2003 and is headquartered in Calgary, Canada.

520 Employees
Last Reported Date: 02/26/14
Founded in 2003

gran tierra energy inc (GTE) Top Compensated Officers

Interim Chief Executive Officer, Interim Pres...
Total Annual Compensation: $550.9K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $587.6K
Vice President of Legal, General Counsel and ...
Total Annual Compensation: $545.3K
Compensation as of Fiscal Year 2013.

gran tierra energy inc (GTE) Key Developments

Gran Tierra Energy, Inc. Revises Capital Budget for 2015

Gran Tierra Energy, Inc. has reduced its capital budget for 2015 to $140 million. This is a reduction of $170 million from the previously announced budget of $310 million. The revised budget for operations in Colombia, Peru and Brazil allocates $50 million to drilling, $40 million to facilities, equipment and pipelines, $49 million for geological and geophysical activities and $1 million associated with corporate activities. Of the $140 million approximately $43 million had already been spent or committed.

Gran Tierra Energy Inc. Provides Production Guidance for the Year 2015

Gran Tierra Energy Inc. announced a revised preliminary 2015 capital program. With the revised capital spending program, the company is expecting 2015 production to average between 21,500 and 22,500 barrels of oil equivalent per day gross working interest or between 18,200 and 19,200 BOEPD net after royalty.

Gran Tierra Energy, Inc. Announces Senior Management and Board of Director Changes

Gran Tierra Energy, Inc. announced that the employment of its Chief Executive Officer and President Dana Coffield has been terminated. Mr. Coffield tendered his resignation from the Board of Directors, effective from February 3, 2015. Mr. Coffield's resignation from the Board of Directors was not the result of any disagreement with the Board of Directors. The Board has appointed Chief Operating Officer Duncan Nightingale, as interim President and Chief Executive Officer, Jeffrey Scott as the Executive Chair of the Board of Directors and Scott Price as the Lead Independent Director. With these changes, Mr. Scott will become more involved in the operations of the company and provide day to day assistance to Mr. Nightingale. Mr. Scott resigned from the Audit Committee and Mr. Price was appointed as a member to that committee. These changes are effective immediately. Mr. Nightingale is a 5 ½ year veteran of Gran Tierra Energy who served in the Calgary, Canada office as the Vice President of Exploration from September 2009 to January 2011, in the Bogot, Colombia office as the Senior Manager Project Planning and Exploration from January 2011 until August 2011, as President of Gran Tierra Energy Colombia from August 2011 until August 2014, and was promoted to Gran Tierra Energy's Chief Operating Officer on September 1, 2014. Mr. Scott was a founder of Gran Tierra Energy and has served as the Chairman of the Board of Gran Tierra Energy since January 2005.

 

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Valuation GTE Industry Range
Price/Earnings 7.4x
Price/Sales 1.0x
Price/Book 0.5x
Price/Cash Flow 2.4x
TEV/Sales 0.5x
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