Gran Tierra Energy (TSE:GTE) Rating Increased to Strong-Buy at Roth Capital

Roth Capital upgraded shares of Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) to a strong-buy rating in a research note issued to investors on Friday,Zacks.com reports.

Separately, Royal Bank Of Canada dropped their price objective on shares of Gran Tierra Energy from C$8.00 to C$6.50 and set a “sector perform” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Gran Tierra Energy has a consensus rating of “Moderate Buy” and a consensus target price of C$8.25.

Gran Tierra Energy Price Performance

Shares of TSE GTE opened at C$5.41 on Friday. The business’s 50 day moving average price is C$5.94 and its two-hundred day moving average price is C$6.10. The company has a market cap of C$190.95 million, a PE ratio of -2.11, a price-to-earnings-growth ratio of 0.23 and a beta of 0.96. The company has a quick ratio of 0.58, a current ratio of 1.31 and a debt-to-equity ratio of 176.57. Gran Tierra Energy has a twelve month low of C$4.33 and a twelve month high of C$11.75.

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 return on equity of 11.08% and a net margin of 7.17%.The business had revenue of C$207.82 million for the quarter. On average, analysts predict that Gran Tierra Energy will post 0.1092044 EPS for the current year.

Gran Tierra Energy Company Profile

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.