Gran Tierra Energy Given Average Rating of “Buy” by Brokerages (NYSE:GTE)
Gran Tierra Energy (NYSE:GTE) has received an average rating of “Buy” from the ten analysts that are currently covering the company, AnalystRatingsNetwork.com reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $10.90.
GTE has been the subject of a number of recent research reports. Analysts at HSBC initiated coverage on shares of Gran Tierra Energy in a research note on Wednesday, August 27th. 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.
Gran Tierra Energy (NYSE:GTE) opened at 6.61 on Wednesday. Gran Tierra Energy has a one year low of $6.27 and a one year high of $8.18. The stock’s 50-day moving average is $6.74 and its 200-day moving average is $7.19. The company has a market cap of $1.887 billion and a price-to-earnings ratio of 25.33.
Gran Tierra Energy (NYSE:GTE) last issued its quarterly earnings data 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 $0.58 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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