Peel Hunt Reaffirms Buy Rating for Gran Tierra Energy (LON:GTE)

Gran Tierra Energy (LON:GTE)‘s stock had its “buy” rating reiterated by analysts at Peel Hunt in a report issued on Wednesday,Digital Look reports. They presently have a GBX 1,119 price objective on the stock. Peel Hunt’s price objective would suggest a potential upside of 43.66% from the stock’s current price.

Gran Tierra Energy Stock Up 51.3%

Shares of GTE stock traded up GBX 263.95 during trading hours on Wednesday, reaching GBX 778.95. 26,343 shares of the stock traded hands, compared to its average volume of 2,921. The firm has a market capitalization of £275.44 million, a PE ratio of -0.94, a PEG ratio of 0.23 and a beta of 0.13. Gran Tierra Energy has a 1-year low of GBX 270 and a 1-year high of GBX 847.20. The business has a fifty day moving average price of GBX 508.19 and a 200 day moving average price of GBX 516.60.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.