Gran Tierra Energy (TSE:GTE) Cut to “Hold” at Roth Mkm

Roth Mkm lowered shares of Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

A number of other brokerages also recently weighed in on GTE. Canaccord Genuity Group downgraded shares of Gran Tierra Energy from a “buy” rating to a “hold” rating and set a C$8.00 price objective for the company. in a research report on Tuesday, January 27th. Royal Bank Of Canada reduced their price target on Gran Tierra Energy from C$8.00 to C$6.50 and set a “sector perform” rating for the company in a report on Friday, December 12th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Gran Tierra Energy presently has an average rating of “Hold” and an average price target of C$8.17.

Gran Tierra Energy Trading Down 12.6%

Shares of Gran Tierra Energy stock opened at C$7.37 on Thursday. The firm’s 50 day simple moving average is C$6.28 and its two-hundred day simple moving average is C$5.94. The firm has a market capitalization of C$260.13 million, a price-to-earnings ratio of -2.87, a PEG ratio of 0.23 and a beta of 0.87. Gran Tierra Energy has a 12-month low of C$4.33 and a 12-month high of C$8.68. The company has a current ratio of 1.31, a quick ratio of 0.58 and a debt-to-equity ratio of 176.57.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last issued its earnings results on Thursday, October 30th. The company reported C($0.57) EPS for the quarter. Gran Tierra Energy had a net margin of 7.17% and a return on equity of 11.08%. The firm had revenue of C$207.82 million during the quarter. Analysts predict that Gran Tierra Energy will post 0.1092044 EPS for the current 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.