Gran Tierra Energy (TSE:GTE) Cut to “Hold” at Roth Mkm

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) was downgraded by research analysts at Roth Mkm from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Canaccord Genuity Group cut Gran Tierra Energy from a “buy” rating to a “hold” rating and set a C$8.00 price objective for the company. in a report on Tuesday. Royal Bank Of Canada dropped their price target on Gran Tierra Energy from C$8.00 to C$6.50 and set a “sector perform” rating for the company in a research note on Friday, December 12th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Gran Tierra Energy currently has an average rating of “Hold” and an average target price of C$8.17.

Gran Tierra Energy Trading Up 9.5%

GTE stock opened at C$8.43 on Thursday. Gran Tierra Energy has a 52 week low of C$4.33 and a 52 week high of C$8.68. The company has a debt-to-equity ratio of 176.57, a quick ratio of 0.58 and a current ratio of 1.31. The company’s 50-day simple moving average is C$6.25 and its 200 day simple moving average is C$5.94. The company has a market capitalization of C$297.55 million, a PE ratio of -3.28, a price-to-earnings-growth ratio of 0.23 and a beta of 0.87.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last announced its earnings results on Thursday, October 30th. The company reported C($0.57) earnings per share (EPS) for the quarter. Gran Tierra Energy had a return on equity of 11.08% and a net margin of 7.17%.The business had revenue of C$207.82 million for the quarter. As a group, sell-side analysts anticipate that Gran Tierra Energy will post 0.1092044 earnings per share for the current year.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties in proven, under-explored hydrocarbon basins that have access to established infrastructure. The firm produces primarily light crude oil, supplemented with medium crude and natural gas. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a base for future growth.