Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) had its price target decreased by National Bank Financial from C$2.25 to C$2.00 in a report released on Wednesday, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Gran Tierra Energy’s FY2020 earnings at $0.11 EPS.
GTE has been the subject of several other reports. Eight Capital decreased their price objective on shares of Gran Tierra Energy from C$6.00 to C$5.50 in a report on Thursday, July 11th. Royal Bank of Canada decreased their price objective on shares of Gran Tierra Energy from C$3.60 to C$3.00 in a report on Monday, October 21st. CIBC decreased their price objective on shares of Gran Tierra Energy from C$4.00 to C$2.50 in a report on Tuesday, October 15th. Finally, Citigroup decreased their price objective on shares of Gran Tierra Energy from C$5.00 to C$3.90 in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Gran Tierra Energy has a consensus rating of Buy and an average price target of C$3.52.
Shares of GTE stock opened at C$1.38 on Wednesday. The firm has a market cap of $517.45 million and a P/E ratio of 5.29. The company has a debt-to-equity ratio of 66.36, a current ratio of 1.80 and a quick ratio of 1.73. Gran Tierra Energy has a 1-year low of C$1.28 and a 1-year high of C$3.91. The firm has a fifty day moving average of C$1.54 and a two-hundred day moving average of C$2.11.
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. 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.
Featured Article: How do analysts define an oversold condition?
Receive News & Ratings for Gran Tierra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gran Tierra Energy and related companies with MarketBeat.com's FREE daily email newsletter.