Gran Tierra Energy (TSE:GTE) Given “Sector Perform” Rating at National Bank Financial

National Bank Financial reaffirmed their sector perform rating on shares of Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) in a research report sent to investors on Friday, BayStreet.CA reports. National Bank Financial currently has a C$2.25 target price on the stock.

A number of other research analysts have also commented on GTE. Royal Bank of Canada lowered their price target on Gran Tierra Energy from C$4.20 to C$3.60 in a report on Tuesday, July 30th. Citigroup decreased their target price on Gran Tierra Energy from C$5.00 to C$3.90 in a research note on Monday, August 12th. BMO Capital Markets decreased their target price on Gran Tierra Energy from C$4.75 to C$4.50 and set an outperform rating for the company in a research note on Wednesday, June 26th. Cormark decreased their target price on Gran Tierra Energy from C$6.00 to C$4.00 in a research note on Thursday, June 20th. Finally, CIBC decreased their price target on Gran Tierra Energy from C$5.00 to C$4.00 in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Gran Tierra Energy presently has an average rating of Buy and a consensus price target of C$3.78.

Shares of GTE traded up C$0.01 during trading hours on Friday, reaching C$1.50. 585,200 shares of the company’s stock traded hands, compared to its average volume of 805,789. The firm has a market capitalization of $571.46 million and a price-to-earnings ratio of 5.75. The company has a debt-to-equity ratio of 66.36, a current ratio of 1.80 and a quick ratio of 1.73. Gran Tierra Energy has a twelve month low of C$1.38 and a twelve month high of C$4.70. The business’s fifty day simple moving average is C$1.76 and its two-hundred day simple moving average is C$2.36.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.08 EPS for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.03. The business had revenue of C$211.34 million for the quarter. On average, equities research analysts expect that Gran Tierra Energy will post 0.16 EPS for the current year.

Gran Tierra Energy Company Profile

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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Analyst Recommendations for Gran Tierra Energy (TSE:GTE)

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