Gran Tierra Energy Price Target Raised to C$10.00 at TD Securities (GTE)
Research analysts at TD Securities boosted their target price on shares of Gran Tierra Energy (NYSEAMEX:GTE) from C$9.50 to C$10.00 in a report released on Friday, StockRatingsNetwork reports. The firm currently has a “hold” rating on the stock.
Gran Tierra Energy (NYSEAMEX:GTE) traded up 1.75% on Friday, hitting $7.55. The stock had a trading volume of 893,748 shares. Gran Tierra Energy has a one year low of $5.16 and a one year high of $8.00. The stock’s 50-day moving average is $7. and its 200-day moving average is $7.04. The company has a market cap of $2.138 billion and a P/E ratio of 11.59.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Gran Tierra Energy from C$12.00 to C$13.00 in a research note to investors on Thursday, January 23rd. They now have an “outperform” rating on the stock. Separately, analysts at Stonecap Securities reiterated an “outperform” rating on shares of Gran Tierra Energy in a research note to investors on Thursday, January 23rd. They now have a C$10.75 price target on the stock, up previously from C$9.50. Finally, analysts at Canaccord Genuity raised their price target on shares of Gran Tierra Energy from C$9.00 to C$9.50 in a research note to investors on Wednesday, January 22nd. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Gran Tierra Energy currently has a consensus rating of “Buy” and a consensus target price of $10.67.
Gran Tierra Energy Inc (NYSEAMEX:GTE) is an independent international energy company engaged in oil and gas acquisition, exploration, development and production.
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