Gran Tierra Energy Stock Rating Upgraded by FirstEnergy Capital (GTE)
Gran Tierra Energy (NYSE:GTE) was upgraded by equities research analysts at FirstEnergy Capital to a “top pick” rating in a research note issued to investors on Wednesday, StockRatingsNetwork reports.
Gran Tierra Energy (NYSE:GTE) last announced its earnings results on Tuesday, November 12th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.06.
A number of other analysts have also recently weighed in on GTE. Analysts at Raymond James initiated coverage on shares of Gran Tierra Energy in a research note to investors on Wednesday, December 11th. They set an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Gran Tierra Energy in a research note to investors on Thursday, December 5th. They set a “buy” rating on the stock. Finally, analysts at TD Securities downgraded shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $8.97.
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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