Gran Tierra Energy (TSE:GTE) Raised to “Moderate Buy” at Raymond James Financial

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) was upgraded by equities research analysts at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a research note issued on Monday, Marketbeat reports. The brokerage presently has a C$15.00 price objective on the stock, up from their previous price objective of C$9.00. Raymond James Financial’s target price points to a potential upside of 19.81% from the company’s current price.

Several other equities analysts have also recently commented on GTE. Roth Mkm cut shares of Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Royal Bank Of Canada decreased their price objective 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 report on Friday, December 12th. Finally, Canaccord Genuity Group lowered shares of Gran Tierra Energy from a “buy” rating to a “hold” rating and set a C$8.00 price objective on the stock. in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$9.83.

Gran Tierra Energy Trading Down 2.8%

TSE:GTE opened at C$12.52 on Monday. The stock has a market cap of C$441.94 million, a price-to-earnings ratio of -2.30, a PEG ratio of 0.23 and a beta of 1.01. The company has a debt-to-equity ratio of 316.85, a quick ratio of 0.58 and a current ratio of 0.60. Gran Tierra Energy has a 1 year low of C$4.33 and a 1 year high of C$13.58. The business has a fifty day moving average of C$9.27 and a 200-day moving average of C$7.11.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last issued its quarterly earnings data on Wednesday, March 4th. The company reported C($5.43) earnings per share for the quarter. The company had revenue of C$169.06 million for the quarter. Gran Tierra Energy had a negative net margin of 32.07% and a negative return on equity of 56.05%. Equities analysts predict that Gran Tierra Energy will post 0.1092044 earnings per share 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.