Gran Tierra Energy Sets New 1-Year High at $7.46 (GTE)
Shares of Gran Tierra Energy (NYSE:GTE) hit a new 52-week high on Friday, American Banking and Market News reports. The company traded as high as $7.46 and last traded at $7.46, with a volume of 915,010 shares trading hands. The stock had previously closed at $7.10.
A number of research firms have recently commented on GTE. Analysts at Mizuho initiated coverage on shares of Gran Tierra Energy (NYSE:GTE) in a research note to investors on Thursday, September 12th. They set a “buy” rating and a $9.00 price target on the stock. Separately, 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 Zacks upgraded shares of Gran Tierra Energy (NYSE:GTE) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, July 10th. They now have a $6.70 price target on the stock. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Gran Tierra Energy currently has an average rating of “Buy” and an average price target of $8.92.
Gran Tierra Energy has a 52-week low of $4.83 and a 52-week high of $7.46. The stock has a 50-day moving average of $6.91 and a 200-day moving average of $6.26. The company has a market cap of $2.112 billion and a P/E ratio of 10.60.
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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