Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) had its price target lowered by analysts at Royal Bank of Canada from C$3.00 to C$2.75 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 108.33% from the stock’s current price.
Several other research firms have also recently issued reports on GTE. National Bank Financial cut their target price on Gran Tierra Energy from C$2.25 to C$2.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 6th. CIBC cut their target price on Gran Tierra Energy from C$4.00 to C$2.50 in a research note on Tuesday, October 15th. Finally, Citigroup cut their target price on Gran Tierra Energy from C$5.00 to C$3.90 in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$3.49.
GTE stock traded down C$0.01 during midday trading on Monday, hitting C$1.32. 421,457 shares of the company’s stock were exchanged, compared to its average volume of 826,172. The business has a 50-day simple moving average of C$1.48 and a two-hundred day simple moving average of C$2.06. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 63.44. The stock has a market capitalization of $488.09 million and a PE ratio of 660.00. Gran Tierra Energy has a 1-year low of C$1.28 and a 1-year high of C$3.78.
Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.
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