Gran Tierra Energy (TSE:GTE) Raised to Buy at Roth

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) was upgraded by equities research analysts at Roth from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a C$14.50 target price on the stock. Roth’s target price indicates a potential upside of 37.83% from the company’s current price.

Several other analysts have also commented on the stock. Canaccord Genuity Group raised shares of Gran Tierra Energy from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$10.00 to C$14.00 in a research report on Tuesday, April 14th. Raymond James Financial raised shares of Gran Tierra Energy from a “hold” rating to a “moderate buy” rating and lifted their price objective for the stock from C$9.00 to C$15.00 in a research report on Monday, March 30th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Gran Tierra Energy has an average rating of “Moderate Buy” and a consensus target price of C$12.50.

Gran Tierra Energy Stock Down 3.2%

Shares of TSE GTE traded down C$0.35 during mid-day trading on Tuesday, reaching C$10.52. 15,990 shares of the company’s stock traded hands, compared to its average volume of 81,052. The stock has a market cap of C$371.99 million, a P/E ratio of -1.27, a PEG ratio of 0.23 and a beta of -0.50. The business has a 50-day simple moving average of C$11.58 and a 200 day simple moving average of C$9.21. Gran Tierra Energy has a 1-year low of C$4.33 and a 1-year high of C$13.58. The company has a debt-to-equity ratio of 576.04, a current ratio of 0.53 and a quick ratio of 0.58.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last released its quarterly earnings results on Friday, May 8th. The company reported C($4.70) earnings per share for the quarter. Gran Tierra Energy had a negative net margin of 48.52% and a negative return on equity of 107.11%. The firm had revenue of C$239.21 million for the quarter. On average, analysts expect that Gran Tierra Energy will post 0.1092044 EPS for the current fiscal 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. 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.