Gran Tierra Energy (TSE:GTE) Rating Lowered to “Hold” at Canaccord Genuity Group

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) was downgraded by research analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a research note issued on Tuesday, MarketBeat reports. They presently have a C$8.00 target price on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 3.90% from the stock’s current price.

Several other equities analysts have also issued reports on GTE. Roth Mkm raised Gran Tierra Energy to a “strong-buy” rating in a research report on Friday, December 12th. Royal Bank Of Canada cut their target price on shares of Gran Tierra Energy from C$8.00 to C$6.50 and set a “sector perform” rating for the company in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Gran Tierra Energy presently has an average rating of “Moderate Buy” and a consensus price target of C$8.17.

Gran Tierra Energy Stock Up 0.1%

Shares of Gran Tierra Energy stock opened at C$7.70 on Tuesday. Gran Tierra Energy has a 1 year low of C$4.33 and a 1 year high of C$8.56. The firm has a market cap of C$271.78 million, a price-to-earnings ratio of -3.00, a PEG ratio of 0.23 and a beta of 0.87. The company has a 50-day moving average of C$6.21 and a 200 day moving average of C$5.92. The company has a debt-to-equity ratio of 176.57, a current ratio of 1.31 and a quick ratio of 0.58.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last posted its quarterly earnings data on Thursday, October 30th. The company reported C($0.57) EPS for the quarter. The business had revenue of C$207.82 million for the quarter. Gran Tierra Energy had a return on equity of 11.08% and a net margin of 7.17%. As a group, sell-side analysts anticipate that Gran Tierra Energy will post 0.1092044 earnings per share for the current fiscal year.

About Gran Tierra Energy

Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties in proven, under-explored hydrocarbon basins that have access to established infrastructure. The firm produces primarily light crude oil, supplemented with medium crude and natural gas. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a base for future growth.