Eight Capital Trims Gran Tierra Energy (TSE:GTE) Target Price to C$5.50

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) had its target price reduced by Eight Capital from C$6.00 to C$5.50 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. Cormark dropped their target price on Gran Tierra Energy from C$6.00 to C$4.00 in a report on Thursday, June 20th. BMO Capital Markets reiterated a buy rating on shares of Gran Tierra Energy in a report on Wednesday, June 26th. GMP Securities dropped their target price on Gran Tierra Energy from C$3.50 to C$2.75 in a report on Thursday, June 20th. Royal Bank of Canada reiterated a neutral rating and issued a $192.00 target price on shares of Amgen in a report on Tuesday, May 21st. Finally, Canaccord Genuity restated a buy rating on shares of in a report on Thursday, June 20th.

Shares of Gran Tierra Energy stock opened at C$2.11 on Thursday. The stock has a market cap of $796.24 million and a PE ratio of 9.50. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 50.57. The business has a 50 day moving average of C$2.36. Gran Tierra Energy has a one year low of C$1.88 and a one year high of C$5.09.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last announced its earnings results on Tuesday, May 7th. The company reported C$0.01 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.07 by C($0.06). The firm had revenue of C$200.28 million during the quarter, compared to analysts’ expectations of C$194.54 million. Equities analysts expect that Gran Tierra Energy will post 0.18 EPS for the current year.

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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