Gran Tierra Energy (TSE:GTE) Price Target Lowered to C$9.50 at Royal Bank of Canada

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) had its price target lowered by Royal Bank of Canada from C$10.00 to C$9.50 in a report issued on Monday, BayStreet.CA reports. Royal Bank of Canada’s price objective would indicate a potential upside of 8.70% from the company’s previous close.

Gran Tierra Energy Stock Performance

Shares of TSE GTE opened at C$8.74 on Monday. Gran Tierra Energy has a 1 year low of C$6.36 and a 1 year high of C$14.23. The company has a debt-to-equity ratio of 147.61, a current ratio of 0.75 and a quick ratio of 0.58. The stock has a market cap of C$267.88 million, a PE ratio of 4.12, a price-to-earnings-growth ratio of 0.23 and a beta of 1.58. The firm has a fifty day moving average price of C$9.83 and a 200-day moving average price of C$11.40.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.85 EPS for the quarter. The company had revenue of C$121.04 million during the quarter. Gran Tierra Energy had a return on equity of 12.50% and a net margin of 7.68%. Equities analysts anticipate that Gran Tierra Energy will post 0.4169525 earnings per share for the current fiscal year.

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.