Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) had its price target reduced by analysts at Royal Bank of Canada from C$3.00 to C$2.75 in a research note issued on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 102.95% from the company’s previous close.
Several other research firms have also commented on GTE. National Bank Financial dropped their target price on Gran Tierra Energy from C$2.25 to C$2.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 6th. Citigroup dropped their target price on Gran Tierra Energy from C$5.00 to C$3.90 in a report on Monday, August 12th. Finally, CIBC dropped their price objective on Gran Tierra Energy from C$4.00 to C$2.50 in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$3.49.
Gran Tierra Energy stock traded down C$0.02 during midday trading on Monday, hitting C$1.36. 451,339 shares of the company were exchanged, compared to its average volume of 827,341. The firm has a market capitalization of $506.44 million and a PE ratio of 5.19. Gran Tierra Energy has a fifty-two week low of C$1.28 and a fifty-two week high of C$3.91. The business has a fifty day simple moving average of C$1.54 and a two-hundred day simple moving average of C$2.11. The company has a debt-to-equity ratio of 66.36, a quick ratio of 1.73 and a current ratio of 1.80.
About Gran Tierra Energy
Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.
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