Gran Tierra Energy (TSE:GTE) Given New C$2.75 Price Target at Royal Bank of Canada

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) had its price objective cut by Royal Bank of Canada from C$3.00 to C$2.75 in a report released on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts also recently weighed in on GTE. CIBC reduced their price objective on shares of Gran Tierra Energy from C$4.00 to C$2.50 in a research report on Tuesday, October 15th. Citigroup reduced their price objective on shares of Gran Tierra Energy from C$5.00 to C$3.90 in a research report on Monday, August 12th. Finally, National Bank Financial reduced their price objective on shares of Gran Tierra Energy from C$2.25 to C$2.00 and set a sector perform rating for the company in a research report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of C$3.49.

Shares of TSE:GTE traded down C$0.01 during trading on Monday, hitting C$1.32. 421,457 shares of the company were exchanged, compared to its average volume of 826,172. The stock has a market capitalization of $488.09 million and a P/E ratio of 660.00. The company has a debt-to-equity ratio of 63.44, a current ratio of 0.98 and a quick ratio of 0.89. Gran Tierra Energy has a 12-month low of C$1.28 and a 12-month high of C$3.78. The firm’s 50 day moving average price is C$1.48 and its 200-day moving average price is C$2.06.

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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Analyst Recommendations for Gran Tierra Energy (TSE:GTE)

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