Short Interest in Gran Tierra Energy Declines By 10.6% (GTE)
Gran Tierra Energy (NYSE:GTE) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 639,547 shares, a drop of 10.6% from the July 15th total of 715,390 shares, American Banking News.com reports. Based on an average daily volume of 922,999 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are short sold.
Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Gran Tierra Energy in a research note on Thursday, July 24th. They now have a $12.00 price target on the stock, up previously from $11.00. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Gran Tierra Energy currently has an average rating of “Buy” and an average price target of $10.90.
Gran Tierra Energy (NYSE:GTE) opened at 6.35 on Wednesday. Gran Tierra Energy has a 52 week low of $6.27 and a 52 week high of $8.18. The stock’s 50-day moving average is $7.21 and its 200-day moving average is $7.2. The company has a market cap of $1.800 billion and a P/E ratio of 16.06.
Gran Tierra Energy (NYSE:GTE) last announced its earnings results on Thursday, August 7th. The company reported $0.13 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.13. 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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