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Gran Tierra Energy

TSX:GTE
Snowflake Description

Fair value with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GTE
TSX
$94M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Gran Tierra Energy Inc., together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The last earnings update was 30 days ago. More info.


Add to Portfolio Compare Print
  • Gran Tierra Energy has significant price volatility in the past 3 months.
GTE Share Price and Events
7 Day Returns
3%
TSX:GTE
15.2%
CA Oil and Gas
11.4%
CA Market
1 Year Returns
-88.7%
TSX:GTE
-41.5%
CA Oil and Gas
-22%
CA Market
GTE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gran Tierra Energy (GTE) 3% -64.1% -78% -88.7% -90.3% -89.9%
CA Oil and Gas 15.2% -37.6% -42.4% -41.5% -49.8% -53.6%
CA Market 11.4% -22.2% -23.5% -22% -19.8% -13.3%
1 Year Return vs Industry and Market
  • GTE underperformed the Oil and Gas industry which returned -41.5% over the past year.
  • GTE underperformed the Market in Canada which returned -22% over the past year.
Price Volatility
GTE
Industry
5yr Volatility vs Market

Value

 Is Gran Tierra Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gran Tierra Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gran Tierra Energy.

TSX:GTE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.3%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:GTE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.825 (1 + (1- 26.5%) (751.45%))
3.938
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (2 * 5.44%)
12.32%

Discounted Cash Flow Calculation for TSX:GTE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gran Tierra Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSX:GTE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.32%)
2020 32.80 Analyst x3 29.20
2021 14.47 Analyst x3 11.47
2022 7.30 Est @ -49.56% 5.15
2023 4.80 Est @ -34.26% 3.01
2024 3.67 Est @ -23.55% 2.05
2025 3.08 Est @ -16.05% 1.53
2026 2.75 Est @ -10.8% 1.22
2027 2.55 Est @ -7.13% 1.01
2028 2.43 Est @ -4.56% 0.86
2029 2.37 Est @ -2.76% 0.74
Present value of next 10 years cash flows $56.00
TSX:GTE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $2.37 × (1 + 1.44%) ÷ (12.32% – 1.44%)
$22.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $22.07 ÷ (1 + 12.32%)10
$6.91
TSX:GTE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $56.00 + $6.91
$62.91
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $62.91 / 366.98
$0.17
TSX:GTE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in TSX:GTE represents 1.35188x of AMEX:GTE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.35188x
Value per Share
(Listing Adjusted, CAD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 0.17 x 1.35188
CA$0.23
Value per share (CAD) From above. CA$0.23
Current discount Discount to share price of CA$0.35
= -1 x (CA$0.35 - CA$0.23) / CA$0.23
-48.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Gran Tierra Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gran Tierra Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gran Tierra Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:GTE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.10
AMEX:GTE Share Price ** AMEX (2020-03-27) in USD $0.26
Canada Oil and Gas Industry PE Ratio Median Figure of 55 Publicly-Listed Oil and Gas Companies 6.35x
Canada Market PE Ratio Median Figure of 499 Publicly-Listed Companies 10.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gran Tierra Energy.

TSX:GTE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:GTE Share Price ÷ EPS (both in USD)

= 0.26 ÷ 0.10

2.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gran Tierra Energy is good value based on earnings compared to the CA Oil and Gas industry average.
  • Gran Tierra Energy is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Gran Tierra Energy's expected growth come at a high price?
Raw Data
TSX:GTE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-49.7%per year
Canada Oil and Gas Industry PEG Ratio Median Figure of 29 Publicly-Listed Oil and Gas Companies -0.04x
Canada Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 0.69x

*Line of best fit is calculated by linear regression .

TSX:GTE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 2.48x ÷ -49.7%

-0.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gran Tierra Energy earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gran Tierra Energy's assets?
Raw Data
TSX:GTE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $2.81
AMEX:GTE Share Price * AMEX (2020-03-27) in USD $0.26
Canada Oil and Gas Industry PB Ratio Median Figure of 198 Publicly-Listed Oil and Gas Companies 0.38x
Canada Market PB Ratio Median Figure of 2,352 Publicly-Listed Companies 1x
TSX:GTE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:GTE Share Price ÷ Book Value per Share (both in USD)

= 0.26 ÷ 2.81

0.09x

* Primary Listing of Gran Tierra Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gran Tierra Energy is good value based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Gran Tierra Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Gran Tierra Energy has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Gran Tierra Energy expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-49.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gran Tierra Energy expected to grow at an attractive rate?
  • Gran Tierra Energy's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.4%.
Growth vs Market Checks
  • Gran Tierra Energy's earnings are expected to decrease over the next 1-3 years, this is below the Canada market average.
  • Gran Tierra Energy's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:GTE Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:GTE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -49.7%
TSX:GTE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 5.4%
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -3.9%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.7%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:GTE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:GTE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 803 435 1
2021-12-31 566 214 -24 5
2020-12-31 401 157 -126 4
2020-03-28
TSX:GTE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 571 178 39
2019-09-30 580 210 1
2019-06-30 622 247 105
2019-03-31 628 259 87
2018-12-31 613 285 103
2018-09-30 604 280 73
2018-06-30 533 253 0
2018-03-31 465 211 -27
2017-12-31 422 190 -32
2017-09-30 386 129 -118
2017-06-30 351 122 -351
2017-03-31 327 132 -408

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gran Tierra Energy's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Gran Tierra Energy's revenue is expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:GTE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Gran Tierra Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:GTE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 -0.29 -0.12 -0.79 5.00
2020-12-31 -0.27 -0.17 -0.62 6.00
2020-03-28
TSX:GTE Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.10
2019-09-30 0.00
2019-06-30 0.27
2019-03-31 0.22
2018-12-31 0.26
2018-09-30 0.19
2018-06-30 0.00
2018-03-31 -0.07
2017-12-31 -0.08
2017-09-30 -0.30
2017-06-30 -0.94
2017-03-31 -1.17

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Gran Tierra Energy will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Gran Tierra Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gran Tierra Energy has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Gran Tierra Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gran Tierra Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Gran Tierra Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • Gran Tierra Energy's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Gran Tierra Energy's 1-year earnings growth is negative, it can't be compared to the CA Oil and Gas industry average.
Earnings and Revenue History
Gran Tierra Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gran Tierra Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:GTE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 570.98 38.69 34.73
2019-09-30 579.69 0.85 28.18
2019-06-30 622.32 104.97 34.36
2019-03-31 627.77 86.73 37.92
2018-12-31 613.43 102.62 39.48
2018-09-30 603.97 72.65 49.31
2018-06-30 532.62 0.49 44.15
2018-03-31 465.30 -26.62 41.46
2017-12-31 421.73 -31.71 39.01
2017-09-30 386.17 -118.26 39.48
2017-06-30 350.94 -351.01 36.42
2017-03-31 326.53 -407.76 34.88
2016-12-31 289.27 -465.57 33.22
2016-09-30 252.43 -420.93 28.01
2016-06-30 259.55 -293.19 32.39
2016-03-31 257.18 -268.20 34.71
2015-12-31 276.01 -268.03 32.35
2015-09-30 320.12 -455.10 38.66
2015-06-30 405.99 -309.04 42.05
2015-03-31 484.52 -238.99 45.68
2014-12-31 559.40 -144.35 51.25
2014-09-30 600.15 156.67 51.38
2014-06-30 609.46 152.70 49.80
2014-03-31 611.82 170.80 44.96
2013-12-31 646.96 181.02 41.12
2013-09-30 652.02 192.06 42.37
2013-06-30 649.81 196.45 43.50
2013-03-31 614.10 159.97 52.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Gran Tierra Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Gran Tierra Energy used its assets less efficiently than the CA Oil and Gas industry average last year based on Return on Assets.
  • Gran Tierra Energy has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Gran Tierra Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gran Tierra Energy has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Gran Tierra Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gran Tierra Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gran Tierra Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gran Tierra Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Gran Tierra Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gran Tierra Energy Company Filings, last reported 2 months ago.

TSX:GTE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,032.61 696.92 103.04
2019-09-30 1,005.05 635.55 55.94
2019-06-30 1,046.93 690.32 201.02
2019-03-31 1,025.66 514.25 64.72
2018-12-31 1,029.75 399.42 83.76
2018-09-30 1,051.53 398.99 167.77
2018-06-30 975.29 398.13 158.46
2018-03-31 953.64 397.57 181.74
2017-12-31 936.34 256.54 37.38
2017-09-30 984.46 229.22 15.13
2017-06-30 980.78 263.61 53.31
2017-03-31 996.94 193.16 26.72
2016-12-31 858.99 197.08 25.18
2016-09-30 862.58 300.31 50.61
2016-06-30 926.00 109.15 175.45
2016-03-31 984.59 0.00 56.67
2015-12-31 1,001.64 0.00 151.59
2015-09-30 1,087.02 0.00 193.99
2015-06-30 1,194.54 0.00 176.09
2015-03-31 1,231.90 0.00 211.46
2014-12-31 1,276.69 0.00 339.43
2014-09-30 1,545.36 0.00 372.14
2014-06-30 1,495.15 0.00 346.61
2014-03-31 1,477.68 0.00 390.95
2013-12-31 1,429.91 0.00 428.80
2013-09-30 1,439.97 0.00 353.06
2013-06-30 1,404.32 0.00 281.98
2013-03-31 1,353.20 0.00 235.91
  • Gran Tierra Energy's level of debt (67.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if Gran Tierra Energy's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (25.5%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Gran Tierra Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gran Tierra Energy has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Gran Tierra Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Gran Tierra Energy dividends.
If you bought CA$2,000 of Gran Tierra Energy shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Gran Tierra Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Gran Tierra Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:GTE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:GTE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-03-28

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Gran Tierra Energy has not reported any payouts.
  • Unable to verify if Gran Tierra Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Gran Tierra Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Gran Tierra Energy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Gran Tierra Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gran Tierra Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gran Tierra Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Gran Tierra Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Greg Guidry
COMPENSATION $1,601,554
AGE 63
TENURE AS CEO 4.8 years
CEO Bio

Mr. Gary Stephen Guidry, also known as Greg, P.Eng. has been the Chief Executive Officer and President of Gran Tierra Energy, Inc. since May 7, 2015. Mr. Guidry has been Executive Director at Caracal Energy Inc. since July 1, 2011. He served as the Chief Executive Officer and President of Caracal Energy Inc. since July 1, 2011 to July 2014. Mr. Guidry served as the Chief Executive Officer and President of Anthem Acquisition Ltd. Mr. Guidry was the Chief Executive Officer of Onza Energy Inc. from January 2014, until May 2015. He serves as the Chief Executive Officer and President of Acquireco and Orion. He served as Chief Executive Officer and President of Atlas Energy Ltd. since October 26, 2005. He served as an Advisor of Petro Vista Energy Corp. He served as the President and Chief Executive Officer of Orion Oil & Gas Corporation, from October 2009 to July 2011 an affiliate of Sprott Resource Corp. He served as a Senior Vice President of Exploration and Production at Shell Canada Ltd. He served as the Chief Executive Officer and President of Tanganyika Oil Company Limited from May 2005 to December 2008. He is an accomplished oil and gas executive with extensive “on the ground“ international experience. He has over 30 years’ experience in the oil and gas industry at senior management levels including over 20 years of experience including senior management positions and international new venture and exploration management. Mr. Guidry served as the President and Chief Executive Officer of BlackPearl Resources Inc. (formerly, Pearl Exploration and Production Ltd. and Newmex Minerals Inc.) from October 26, 2005 to January 31, 2007. He served as the President and Chief Executive Officer of Valkyries Petroleum Corp., which he led through a highly successful takeover. He has directed E&P operations in Yemen, Syria and Egypt and has worked for oil and gas companies in the U.S., Venezuela, Argentina and Oman. He served as the President and Chief Executive Officer of Calpine Natural Gas Limited, the Managing Partner and a wholly-owned subsidiary of Calpine Natural Gas Trust from October 2003 to February 2005. Mr. Guidry served as the Chief Executive Officer and President of Calpine Natural Gas Trust. He served as Senior Vice President and subsequently President with Alberta Energy Company (AEC) International from 1998 to 2003. He served as the President and General Manager of Canadian Occidental Petroleum's (now Nexen Inc.) Nigerian operations. He held senior executive positions with Nexen Inc. and Occidental Petroleum in Canada and CanOxy Nexen, Lundin Oil AB, Benton Oil and Gas from 1980 to 1998. He served as Interim Chairman of Caracal Energy Inc. from July 1, 2011 to September 2, 2011. Mr. Guidry served as Chairman of BlackPearl Resources Inc. from February 1, 2007 to January 8, 2009. He has been a Director of Africa Oil Corp., since June 23, 2008, Gran Tierra Energy, Inc. since July 2015. He has been a Director of PetroTal Corp. since December 18, 2017. He serves as a Director of Glencore E&p (canada) Inc. He served as a Director of Mobius Resources Inc. from May 22, 2009 to October 26, 2011. He served as a Director of and ShaMaran Petroleum Corp. (formerly, Bayou Bend Petroleum Ltd and Kit Resources Ltd.) from February 19, 2007 to June 2018. He served as an Independent Director of TransGlobe Energy Corp. from October 2009 to March 11, 2014. He served as a Director of Orion Oil & Gas Corporation since January 8, 2010. He served as a Director at Zodiac Exploration Inc. From September 2010 to October 2011; Nevarro Energy Ltd., since 2005; Shell Canada Ltd.; BlackPearl Resources Inc. from October 2005 to January 8, 2009 and Tanganyika Oil Company Limited since May 5, 2005. He is an Alberta-registered Professional Engineer. He is a petroleum engineer and a member of APEGGA. He received a Bachelor of Science in Petroleum Engineering from Texas A&M University in 1980. Mr. Guidry has a B.Sc. in Geophysics and a M.Sc. in Geology from Michigan State University and an M.B.A. in International Business and Finance from the University of St. Thomas in Houston, Texas. Mr. Guidry was awarded the Oil Council Executive of the Year award for his leadership role with Caracal.

CEO Compensation
  • Greg's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Greg's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Gran Tierra Energy management team in years:

3.8
Average Tenure
57
Average Age
  • The tenure for the Gran Tierra Energy management team is about average.
Management Team

Greg Guidry

TITLE
President
COMPENSATION
$2M
AGE
63
TENURE
4.8 yrs

Ryan Ellson

TITLE
CFO & Executive VP of Finance
COMPENSATION
$1M
AGE
43
TENURE
4.8 yrs

Lawrence West

TITLE
Vice President of Exploration
COMPENSATION
$913K
AGE
63
TENURE
4.8 yrs

Tony Berthelet

TITLE
Chief Operating Officer
AGE
48
TENURE
0.4 yrs

Rodger Trimble

TITLE
Vice President of Investor Relations
AGE
57
TENURE
3.8 yrs

Enrique Villalobos

TITLE
President & Country Manager of Gran Tierra Energy Ecuador
TENURE
1.2 yrs

Manuel Buitrago

TITLE
President & Country Manager of Gran Tierra Energy Colombia
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Gran Tierra Energy board of directors in years:

4.8
Average Tenure
64.5
Average Age
  • The tenure for the Gran Tierra Energy board of directors is about average.
Board of Directors

Bob Hodgins

TITLE
Independent Chairman
COMPENSATION
$201K
AGE
68

Greg Guidry

TITLE
President
COMPENSATION
$2M
AGE
63
TENURE
4.7 yrs

Peter Dey

TITLE
Independent Director
COMPENSATION
$134K
AGE
78
TENURE
4.8 yrs

David Smith

TITLE
Independent Director
COMPENSATION
$143K
AGE
60
TENURE
4.8 yrs

Brooke Wade

TITLE
Independent Director
COMPENSATION
$138K
AGE
66
TENURE
4.8 yrs

Ron Royal

TITLE
Independent Director
COMPENSATION
$142K
AGE
70
TENURE
4.8 yrs

Evan Hazell

TITLE
Independent Director
COMPENSATION
$129K
AGE
60
TENURE
4.8 yrs

Sondra Scott

TITLE
Independent Director
COMPENSATION
$130K
AGE
52
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Gran Tierra Energy individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
20. Mar 20 Buy Wade Capital Corporation, Asset Management Arm Company 19. Mar 20 19. Mar 20 300,000 CA$0.30 CA$88,647
16. Mar 20 Buy Thomas Claugus Individual 13. Mar 20 13. Mar 20 126,700 CA$0.35 CA$44,220
16. Mar 20 Buy GMT Capital Corp. Company 13. Mar 20 13. Mar 20 3,000,000 CA$0.35 CA$1,047,045
15. Mar 20 Buy Thomas Claugus Individual 13. Mar 20 13. Mar 20 126,700 CA$0.35 CA$44,220
15. Mar 20 Buy GMT Capital Corp. Company 13. Mar 20 13. Mar 20 3,000,000 CA$0.35 CA$1,047,045
13. Mar 20 Buy David Smith Individual 13. Mar 20 13. Mar 20 85,000 CA$0.36 CA$30,260
13. Mar 20 Buy Wade Capital Corporation, Asset Management Arm Company 12. Mar 20 12. Mar 20 200,000 CA$0.37 CA$74,731
13. Mar 20 Buy Gary Guidry Individual 13. Mar 20 13. Mar 20 850,000 CA$0.35 CA$301,409
30. Dec 19 Buy Wade Capital Corporation, Asset Management Arm Company 27. Dec 19 27. Dec 19 122,200 CA$1.66 CA$201,693
27. Dec 19 Buy Wade Capital Corporation, Asset Management Arm Company 24. Dec 19 24. Dec 19 483,800 CA$1.63 CA$789,238
27. Nov 19 Buy Thomas Claugus Individual 25. Nov 19 26. Nov 19 38,500 CA$1.36 CA$51,997
27. Nov 19 Buy GMT Capital Corp. Company 25. Nov 19 26. Nov 19 1,000,000 CA$1.36 CA$1,350,611
27. Nov 19 Buy Thomas Claugus Individual 26. Nov 19 26. Nov 19 5,000 CA$1.32 CA$6,579
27. Nov 19 Buy GMT Capital Corp. Company 26. Nov 19 26. Nov 19 128,700 CA$1.32 CA$169,352
26. Nov 19 Buy Thomas Claugus Individual 25. Nov 19 25. Nov 19 33,500 CA$1.36 CA$45,485
26. Nov 19 Buy GMT Capital Corp. Company 25. Nov 19 25. Nov 19 871,300 CA$1.36 CA$1,183,010
25. Nov 19 Buy Thomas Claugus Individual 22. Nov 19 22. Nov 19 5,300 CA$1.34 CA$7,117
25. Nov 19 Buy GMT Capital Corp. Company 22. Nov 19 22. Nov 19 137,800 CA$1.34 CA$185,047
22. Nov 19 Buy Thomas Claugus Individual 22. Nov 19 22. Nov 19 5,300 CA$1.34 CA$7,117
22. Nov 19 Buy GMT Capital Corp. Company 22. Nov 19 22. Nov 19 137,800 CA$1.34 CA$185,047
13. Nov 19 Buy Thomas Claugus Individual 23. Oct 19 08. Nov 19 103,800 CA$1.72 CA$157,505
13. Nov 19 Buy GMT Capital Corp. Company 23. Oct 19 08. Nov 19 2,700,000 CA$1.72 CA$4,096,963
12. Nov 19 Buy Remi Berthelet Individual 08. Nov 19 08. Nov 19 42,000 CA$1.41 CA$59,405
08. Nov 19 Buy Remi Berthelet Individual 08. Nov 19 08. Nov 19 42,000 CA$1.86 CA$77,943
08. Nov 19 Buy Gary Guidry Individual 08. Nov 19 08. Nov 19 60,200 CA$1.41 CA$84,230
08. Nov 19 Buy Lawrence West Individual 08. Nov 19 08. Nov 19 35,000 CA$1.47 CA$51,355
08. Nov 19 Buy Rodger Trimble Individual 08. Nov 19 08. Nov 19 10,000 CA$1.41 CA$14,144
08. Nov 19 Buy James Evans Individual 08. Nov 19 08. Nov 19 35,500 CA$1.40 CA$49,742
08. Nov 19 Buy Ryan Ellson Individual 08. Nov 19 08. Nov 19 35,300 CA$1.43 CA$50,394
06. Nov 19 Buy Thomas Claugus Individual 06. Nov 19 06. Nov 19 27,900 CA$1.71 CA$47,821
06. Nov 19 Buy GMT Capital Corp. Company 06. Nov 19 06. Nov 19 3,163,691 CA$1.71 CA$5,422,560
25. Oct 19 Buy Thomas Claugus Individual 23. Oct 19 24. Oct 19 26,900 CA$1.49 CA$40,122
25. Oct 19 Buy GMT Capital Corp. Company 23. Oct 19 24. Oct 19 700,000 CA$1.49 CA$1,044,063
03. Sep 19 Buy Thomas Claugus Individual 30. Aug 19 30. Aug 19 25,600 CA$1.88 CA$48,005
03. Sep 19 Buy GMT Capital Corp. Company 30. Aug 19 30. Aug 19 577,800 CA$1.88 CA$1,083,491
30. Aug 19 Buy GMT Capital Corp. Company 29. Aug 19 29. Aug 19 1,500 CA$1.84 CA$2,753
30. Aug 19 Buy Thomas Claugus Individual 28. Aug 19 29. Aug 19 18,600 CA$1.84 CA$33,080
30. Aug 19 Buy GMT Capital Corp. Company 28. Aug 19 29. Aug 19 422,200 CA$1.84 CA$750,837
29. Aug 19 Buy David Smith Individual 28. Aug 19 28. Aug 19 205,000 CA$1.70 CA$348,787
29. Aug 19 Buy Thomas Claugus Individual 28. Aug 19 28. Aug 19 9,900 CA$1.73 CA$17,107
29. Aug 19 Buy GMT Capital Corp. Company 28. Aug 19 28. Aug 19 225,100 CA$1.73 CA$388,970
15. Aug 19 Buy Brooke Wade Individual 13. Aug 19 13. Aug 19 185,000 CA$1.91 CA$351,423
20. Jun 19 Buy Robert Hodgins Individual 19. Jun 19 19. Jun 19 10,000 CA$2.15 CA$21,496
20. Jun 19 Buy Ryan Ellson Individual 19. Jun 19 19. Jun 19 18,400 CA$2.15 CA$39,552
10. May 19 Buy Thomas Claugus Individual 08. May 19 09. May 19 69,100 CA$2.94 CA$203,067
10. May 19 Buy GMT Capital Corp. Company 08. May 19 09. May 19 1,500,000 CA$2.94 CA$4,408,093
09. May 19 Buy Thomas Claugus Individual 09. May 19 09. May 19 18,800 CA$2.93 CA$55,064
09. May 19 Buy GMT Capital Corp. Company 09. May 19 09. May 19 409,300 CA$2.93 CA$1,198,805
08. May 19 Buy Thomas Claugus Individual 08. May 19 08. May 19 50,300 CA$2.93 CA$147,462
08. May 19 Buy GMT Capital Corp. Company 08. May 19 08. May 19 1,090,700 CA$2.93 CA$3,197,542
15. Apr 19 Buy Thomas Claugus Individual 11. Apr 19 11. Apr 19 14,800 CA$3.29 CA$48,703
15. Apr 19 Buy GMT Capital Corp. Company 11. Apr 19 11. Apr 19 322,600 CA$3.29 CA$1,061,601
12. Apr 19 Buy Thomas Claugus Individual 11. Apr 19 11. Apr 19 14,800 CA$3.29 CA$48,703
12. Apr 19 Buy GMT Capital Corp. Company 11. Apr 19 11. Apr 19 322,600 CA$3.29 CA$1,061,601
10. Apr 19 Buy Thomas Claugus Individual 08. Apr 19 08. Apr 19 4,400 CA$3.32 CA$14,601
10. Apr 19 Buy GMT Capital Corp. Company 08. Apr 19 08. Apr 19 95,600 CA$3.32 CA$317,234
04. Apr 19 Buy Thomas Claugus Individual 19. Feb 19 02. Apr 19 264,800 CA$3.35 CA$835,790
04. Apr 19 Buy GMT Capital Corp. Company 19. Feb 19 02. Apr 19 5,750,000 CA$3.35 CA$18,157,699
02. Apr 19 Buy Thomas Claugus Individual 01. Apr 19 02. Apr 19 23,000 CA$3.14 CA$72,061
02. Apr 19 Buy GMT Capital Corp. Company 01. Apr 19 02. Apr 19 500,000 CA$3.14 CA$1,566,530
X
Management checks
We assess Gran Tierra Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gran Tierra Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Gran Tierra Energy Inc., together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. As of December 31, 2019, it had total proved undeveloped reserves of 31.0 million barrels of oil equivalent in Colombia. The company was founded in 2003 and is headquartered in Calgary, Canada.

Details
Name: Gran Tierra Energy Inc.
GTE
Exchange: TSX
Founded: 2003
$131,805,398
366,981,556
Website: http://www.grantierra.com
Address: Gran Tierra Energy Inc.
520 – 3rd Avenue SW,
Suite 900,
Calgary,
Alberta, T2P 0R3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX GTE Common Shares NYSE MKT LLC US USD 06. Jul 2005
DB G1P Common Shares Deutsche Boerse AG DE EUR 06. Jul 2005
LSE GTE Common Shares London Stock Exchange GB GBP 06. Jul 2005
TSX GTE Common Shares The Toronto Stock Exchange CA CAD 06. Jul 2005
Number of employees
Current staff
Staff numbers
362
Gran Tierra Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 02:27
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/20
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.