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Shares of Gran Tierra Energy (NYSE:GTE) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are presently covering the company, American Banking & Market News reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $9.75.

A number of research firms have recently commented on GTE. Analysts at Goldman Sachs initiated coverage on shares of Gran Tierra Energy in a research note on Friday, May 2nd. They set a “neutral” rating and a $9.50 price target on the stock. Separately, analysts at TD Securities upgraded shares of Gran Tierra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Finally, analysts at Credit Suisse cut their price target on shares of Gran Tierra Energy from $9.75 to $9.00 in a research note on Thursday, February 27th.

Gran Tierra Energy (NYSE:GTE) traded down 1.66% during mid-day trading on Friday, hitting $7.12. 290,663 shares of the company’s stock traded hands. Gran Tierra Energy has a 52 week low of $5.45 and a 52 week high of $8.00. The stock’s 50-day moving average is $7.36 and its 200-day moving average is $7.29. The company has a market cap of $2.016 billion and a P/E ratio of 16.45.

Gran Tierra Energy (NYSE:GTE) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.02. The company had revenue of $169.70 million for the quarter, compared to the consensus estimate of $176.27 million. On average, analysts predict that Gran Tierra Energy will post $0.60 earnings per share for the current fiscal year.

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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