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Gran Tierra Energy (GTE) Lags on Q4 Earnings & Revenues

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An Earnings Miss: Upstream energy company Gran Tierra Energy Inc. (GTE - Free Report) reported loss per share of 3 cents, against the Zacks Consensus Estimate of earnings of 6 cents.  

Estimate Revision Trend: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last seven days.

Revenue Miss: Gran Tierra Energyreported revenues of $136.6 million, missing the Zacks Consensus Estimate of $154.4 million.

Zacks Rank & Surprise History: Currently, Gran Tierra Energycarries a Zacks Rank #2 (Buy), which is subject to change following the earnings announcement.

(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)

Coming to earnings surprise history, the company has beaten the estimates once in the last four reported quarters.

Key Stats: 

Working interest production (before royalties) in the fourth-quarter was 38,156 barrels of oil equivalent per day (Boe/d), higher than year-ago quarter’s 34,477 Boe/d.

Average realized price was recorded at $38.90 per barrel of oil equivalent in fourth-quarter 2018, lower than year-ago quarter’s $40.36.

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