Mizuho Initiates Coverage on Gran Tierra Energy (GTE)
Analysts at Mizuho assumed coverage on shares of Gran Tierra Energy (NYSE:GTE) in a research report issued to clients and investors on Thursday, Analyst Ratings.Net reports. The firm set a “buy” rating on the stock.
Shares of Gran Tierra Energy (NYSE:GTE) traded down 0.43% during mid-day trading on Thursday, hitting $6.93. 493,610 shares of the company’s stock traded hands. Gran Tierra Energy has a 52-week low of $4.83 and a 52-week high of $6.99. The stock’s 50-day moving average is $6.52 and its 200-day moving average is $6.11. The company has a market cap of $1.962 billion and a P/E ratio of 10.39.
GTE has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Gran Tierra Energy (NYSE:GTE) from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 8th. They now have a $7.00 price target on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of Gran Tierra Energy (NYSE:GTE) in a research note to investors on Tuesday, July 2nd. They set a “buy” rating on the stock.
Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Gran Tierra Energy has an average rating of “Buy” and an average target price of $8.91.
Gran Tierra Energy Inc (NYSE:GTE) is an independent international energy company engaged in oil and gas acquisition, exploration, development and production.
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