Gran Tierra Energy Short Interest Down 20.0% in August (GTE)
Gran Tierra Energy (NYSE:GTE) saw a significant drop in short interest in August. As of August 15th, there was short interest totalling 511,761 shares, a drop of 20.0% from the July 31st total of 639,547 shares, American Banking and Market News reports. Based on an average trading volume of 1,021,814 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are short sold.
A number of analysts have recently weighed in on GTE shares. Analysts at HSBC initiated coverage on shares of Gran Tierra Energy in a research note on Wednesday. They set an “overweight” rating on the stock. 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 research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $10.90.
Gran Tierra Energy (NYSE:GTE) opened at 6.73 on Thursday. Gran Tierra Energy has a 52 week low of $6.27 and a 52 week high of $8.18. The stock has a 50-day moving average of $6.82 and a 200-day moving average of $7.21. The company has a market cap of $1.921 billion and a P/E ratio of 25.52.
Gran Tierra Energy (NYSE:GTE) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. Analysts expect that Gran Tierra Energy will post $0.58 EPS 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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