Gran Tierra Energy Inc (GTE) Receives Consensus Rating of “Buy” from Analysts
Shares of Gran Tierra Energy Inc (TSE:GTE) (NYSEMKT:GTE) have received a consensus recommendation of “Buy” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$5.31.
A number of research analysts have commented on GTE shares. Scotiabank restated a “buy” rating and set a C$5.50 price objective on shares of Gran Tierra Energy in a research note on Tuesday, October 10th. Zacks Investment Research cut Gran Tierra Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Finally, Eight Capital reduced their price objective on Gran Tierra Energy from C$6.50 to C$5.25 in a research note on Wednesday, September 27th.
In other Gran Tierra Energy news, insider Gmt Capital Corp bought 15,800 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were acquired at an average cost of C$2.10 per share, with a total value of C$33,180.00. In the last 90 days, insiders have acquired 99,900 shares of company stock worth $213,782.
Gran Tierra Energy (GTE) opened at C$3.70 on Monday. Gran Tierra Energy has a fifty-two week low of C$2.41 and a fifty-two week high of C$3.75. The firm has a market capitalization of $1,460.00, a price-to-earnings ratio of -9.25 and a beta of 0.17.
Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last issued its earnings results on Thursday, November 2nd. The company reported C$0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.04). Gran Tierra Energy had a net margin of 3.02% and a return on equity of 1.28%. The firm had revenue of C$103.77 million during the quarter, compared to analyst estimates of C$110.60 million. During the same quarter in the previous year, the business posted ($0.71) EPS. Gran Tierra Energy’s revenue was up 51.4% compared to the same quarter last year.
About Gran Tierra Energy
Gran Tierra Energy Inc is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization.
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