Gran Tierra Energy (GTE) Price Target Cut to C$6.00

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) had its target price lowered by investment analysts at Canaccord Genuity from C$7.50 to C$6.00 in a research note issued on Thursday. Canaccord Genuity’s price target would indicate a potential upside of 86.34% from the stock’s current price.

GTE has been the subject of a number of other reports. Royal Bank of Canada upped their price objective on shares of Gran Tierra Energy from C$6.40 to C$6.50 and gave the stock a “top pick” rating in a research report on Thursday, September 27th. Cormark upped their price objective on shares of Gran Tierra Energy from C$7.00 to C$7.25 in a research report on Tuesday, October 9th.

GTE opened at C$3.22 on Thursday. The company has a debt-to-equity ratio of 37.94, a quick ratio of 1.45 and a current ratio of 1.52. Gran Tierra Energy has a 1 year low of C$2.76 and a 1 year high of C$5.09.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last posted its quarterly earnings data on Thursday, November 1st. The company reported C$0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.08 by C$0.16. The company had revenue of C$228.86 million for the quarter. On average, sell-side analysts predict that Gran Tierra Energy will post 0.390000019024391 EPS for the current year.

In related news, insider Gmt Capital Corp acquired 16,100 shares of Gran Tierra Energy stock in a transaction on Friday, November 2nd. The stock was bought at an average cost of C$3.00 per share, for a total transaction of C$48,300.00. Insiders have acquired 71,900 shares of company stock valued at $202,544 over the last 90 days.

About Gran Tierra Energy

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

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