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Equinox Partners Investment Management LLC and its affiliates have recently increased their holdings in Gran Tierra Energy Inc. (NYSE:GTE), despite the stock’s significant decline of over 51% in the past year. According to a recent SEC filing, the firm acquired a total of 83,531 common shares in multiple transactions on April 10 and April 11, 2025, with a combined value of approximately $320,570. The shares were purchased at prices ranging from $3.73 to $3.91 per share, well below the 52-week high of $10.40. InvestingPro analysis reveals 8+ additional investment signals for GTE subscribers.
The transactions were executed by Equinox Partners, L.P., Mason Hill Partners, L.P., and a managed account, all under the management of Equinox Partners Investment Management LLC. The purchases reflect the firm’s ongoing interest in the crude petroleum and natural gas company, which is based in Calgary, Alberta. With a gross profit margin of 64.5% and upcoming earnings scheduled for May 1, 2025, investors should note that analysts currently expect negative earnings for the fiscal year 2025.
Equinox Partners and its affiliates, including Kuroto Fund LP, collectively hold significant shares in Gran Tierra Energy, underscoring their continued confidence in the company’s potential, even as the company operates with a debt-to-equity ratio of 1.84 and current ratio of 0.66. Sean M. Fieler, the manager of Equinox Partners Investment Management LLC, signed the filing on behalf of the reporting entities.
In other recent news, Gran Tierra Energy reported a notable improvement in its financial performance for the fourth quarter of 2024, achieving a net income of $3 million, a significant turnaround from a net loss of $6.3 million in the same period the previous year. Despite this positive outcome, the company’s revenue from net oil sales slightly decreased by 2% to $622 million. Analysts have noted an 8% decrease in adjusted EBITDA, totaling $367 million, which may be a concern for some investors. Gran Tierra has set an ambitious production guidance for 2025, aiming for 47,000 to 53,000 barrels of oil equivalent (BOE) per day.
The company plans to allocate 25% of its capital program to exploration, focusing on drilling multiple wells across its operational regions. Additionally, Gran Tierra aims to reduce its gross debt to $600 million by the end of 2026 and $500 million by 2027. In terms of recent analyst activity, RBC Capital Markets and Bank of America have engaged with the company, although no specific upgrades or downgrades were mentioned. Gran Tierra’s strategic shift from resource capture to execution is emphasized by its repurchase of 6.7% of outstanding shares, indicating a commitment to long-term shareholder value.
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