Gran Tierra Energy (TSE:GTE) Upgraded by Roth Mkm to “Strong-Buy” Rating

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

Other equities analysts also recently issued research reports about the company. Canaccord Genuity Group upgraded Gran Tierra Energy from a “hold” rating to a “buy” rating and raised their target price for the company from C$10.00 to C$14.00 in a research report on Tuesday, April 14th. Raymond James Financial upgraded Gran Tierra Energy from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$9.00 to C$15.00 in a research report on Monday, March 30th. Finally, Roth raised Gran Tierra Energy from a “neutral” rating to a “buy” rating and set a C$14.50 price objective for the company in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$12.50.

Gran Tierra Energy Stock Down 2.8%

GTE stock opened at C$10.57 on Tuesday. Gran Tierra Energy has a 52 week low of C$4.33 and a 52 week high of C$13.58. The company has a quick ratio of 0.58, a current ratio of 0.53 and a debt-to-equity ratio of 576.04. The firm has a 50-day simple moving average of C$11.55 and a 200-day simple moving average of C$9.24. The stock has a market capitalization of C$373.76 million, a P/E ratio of -1.28, a P/E/G ratio of 0.23 and a beta of -0.50.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last posted its quarterly earnings data on Friday, May 8th. The company reported C($4.70) earnings per share (EPS) for the quarter. Gran Tierra Energy had a negative return on equity of 107.11% and a negative net margin of 48.52%.The firm had revenue of C$239.21 million during the quarter. Equities analysts forecast that Gran Tierra Energy will post 0.1092044 earnings per share for the current fiscal year.

About Gran Tierra Energy

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.