Roth MKM Raises Gran Tierra Energy (TSE:GTE) Price Target to C$18.50

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) had its target price hoisted by stock analysts at Roth MKM from C$17.50 to C$18.50 in a research report issued to clients and investors on Wednesday, BayStreet reports. Roth MKM’s target price suggests a potential upside of 31.67% from the company’s previous close.

Separately, Roth Capital raised shares of Gran Tierra Energy from a “neutral” rating to a “buy” rating and set a C$14.50 target price for the company in a research note on Tuesday, June 16th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$13.70.

Gran Tierra Energy Trading Up 2.0%

Shares of Gran Tierra Energy stock traded up C$0.28 during trading hours on Wednesday, hitting C$14.05. The company’s stock had a trading volume of 45,825 shares, compared to its average volume of 83,645. The company has a market capitalization of C$497.09 million, a PE ratio of -1.95, a price-to-earnings-growth ratio of 0.23 and a beta of -0.44. The company has a debt-to-equity ratio of 451.88, a current ratio of 0.48 and a quick ratio of 0.58. The stock has a 50 day moving average of C$12.59 and a 200 day moving average of C$11.59. Gran Tierra Energy has a 12 month low of C$4.33 and a 12 month high of C$16.16.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia, Ecuador and Azerbaijan. Upon completion of the Transaction described in this press release, the Company’s producing operations will be focused on Canada, and the Company will continue to pursue its exploration interests in Azerbaijan and additional new growth opportunities that would further strengthen the Company’s portfolio.