Roth Mkm Upgrades Gran Tierra Energy (TSE:GTE) to “Strong-Buy”

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) was upgraded by investment analysts at Roth Mkm from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on GTE. Roth raised shares of Gran Tierra Energy from a “neutral” rating to a “buy” rating and set a C$14.50 price objective for the company in a report on Tuesday. Canaccord Genuity Group upgraded shares of Gran Tierra Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from C$10.00 to C$14.00 in a report on Tuesday, April 14th. Finally, Raymond James Financial raised shares of Gran Tierra Energy from a “hold” rating to a “moderate buy” rating and increased their price target for the company from C$9.00 to C$15.00 in a research note on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Gran Tierra Energy currently has an average rating of “Buy” and a consensus target price of C$12.50.

Gran Tierra Energy Stock Down 2.8%

Shares of TSE:GTE opened at C$10.57 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.53 and a debt-to-equity ratio of 576.04. The business has a fifty day moving average of C$11.55 and a two-hundred day moving average of C$9.24. The stock has a market cap of C$373.76 million, a P/E ratio of -1.28, a PEG ratio of 0.23 and a beta of -0.50. Gran Tierra Energy has a 52-week low of C$4.33 and a 52-week high of C$13.58.

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