Gran Tierra Energy (TSE:GTE) Upgraded at Raymond James Financial
by Mitch Edgeman · The Markets DailyRaymond James Financial upgraded shares of Gran Tierra Energy (TSE:GTE – Free Report) (NYSEMKT:GTE) from a hold rating to a moderate buy rating in a report published on Monday morning, Marketbeat Ratings reports. They currently have C$15.00 target price on the stock, up from their previous target price of C$9.00.
GTE has been the subject of a number of other research reports. Roth Mkm downgraded shares of Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Canaccord Genuity Group cut shares of Gran Tierra Energy from a “buy” rating to a “hold” rating and set a C$8.00 target price on the stock. in a report on Tuesday, January 27th. Finally, Royal Bank Of Canada cut their target price on shares of Gran Tierra Energy from C$8.00 to C$6.50 and set a “sector perform” rating for the company in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$9.83.
Get Our Latest Stock Report on GTE
Gran Tierra Energy Trading Down 9.3%
TSE GTE opened at C$11.35 on Monday. The company has a market cap of C$400.64 million, a PE ratio of -2.08, a PEG ratio of 0.23 and a beta of 1.01. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 316.85. Gran Tierra Energy has a 12 month low of C$4.33 and a 12 month high of C$13.58. The stock has a 50 day moving average of C$9.35 and a 200-day moving average of C$7.14.
Gran Tierra Energy (TSE:GTE – Get Free Report) (NYSEMKT:GTE) last released its earnings results on Wednesday, March 4th. The company reported C($5.43) earnings per share for the quarter. Gran Tierra Energy had a negative net margin of 32.07% and a negative return on equity of 56.05%. The firm had revenue of C$169.06 million during the quarter. On average, equities research analysts anticipate 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.