Gran Tierra Energy (TSE:GTE) Upgraded at Canaccord Genuity Group
by Jessica Moore · The Cerbat Gem
Canaccord Genuity Group upgraded shares of Gran Tierra Energy (TSE:GTE – Free Report) (NYSEMKT:GTE) from a hold rating to a buy rating in a research report released on Tuesday morning, Marketbeat.com reports. They currently have C$14.00 price objective on the stock, up from their prior price objective of C$10.00.
Other equities analysts also recently issued research reports about the stock. Raymond James Financial upgraded shares of Gran Tierra Energy from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$9.00 to C$15.00 in a research note on Monday, March 30th. Roth Mkm cut Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$11.83.
View Our Latest Analysis on GTE
Gran Tierra Energy Stock Performance
Shares of Gran Tierra Energy stock opened at C$11.04 on Tuesday. Gran Tierra Energy has a one year low of C$4.33 and a one year high of C$13.58. The company has a market cap of C$389.70 million, a PE ratio of -2.03, a P/E/G ratio of 0.23 and a beta of -0.14. The company has a debt-to-equity ratio of 316.85, a quick ratio of 0.58 and a current ratio of 0.60. The business has a 50-day simple moving average of C$10.16 and a 200-day simple moving average of C$7.54.
Gran Tierra Energy (TSE:GTE – Get Free Report) (NYSEMKT:GTE) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C($5.43) EPS for the quarter. Gran Tierra Energy had a negative return on equity of 56.05% and a negative net margin of 32.07%.The firm had revenue of C$169.06 million for the quarter. On average, equities research analysts forecast that Gran Tierra Energy will post 0.1092044 EPS for the current fiscal year.
About Gran Tierra Energy
Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties in proven, under-explored hydrocarbon basins that have access to established infrastructure. The firm produces primarily light crude oil, supplemented with medium crude and natural gas. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a base for future growth.