Gran Tierra Energy (NYSEAMERICAN:GTE) had its target price upped by Scotiabank from C$1.20 to C$1.35 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage currently has a “sector perform” rating on the stock.
Shares of NYSEAMERICAN GTE traded down $0.02 during mid-day trading on Thursday, reaching $0.88. 63,232 shares of the company’s stock were exchanged, compared to its average volume of 11,970,837. The stock has a market capitalization of $324.24 million, a price-to-earnings ratio of -1.55 and a beta of 2.28. Gran Tierra Energy has a 52 week low of $0.18 and a 52 week high of $1.23. The company has a debt-to-equity ratio of 3.74, a current ratio of 0.73 and a quick ratio of 0.73.
Gran Tierra Energy (NYSEAMERICAN:GTE) last posted its earnings results on Tuesday, August 3rd. The company reported ($0.05) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.05). The business had revenue of $96.62 million during the quarter. Gran Tierra Energy had a negative return on equity of 16.01% and a negative net margin of 67.97%.
About Gran Tierra Energy
Gran Tierra Energy, Inc engages in the exploration and production of oil and natural gas in Colombia and Ecuador. It holds interests in the assets located in the Middle Magdalena Valley and Putumayo Basins. The company was founded on June 6, 2003 and is headquartered in Calgary, Canada.
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