Gran Tierra Energy (LON:GTE) Receives Buy Rating from Peel Hunt

Gran Tierra Energy (LON:GTE)‘s stock had its “buy” rating reissued by Peel Hunt in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 1,119 price objective on the stock. Peel Hunt’s target price indicates a potential upside of 43.66% from the company’s previous close.

Gran Tierra Energy Stock Performance

Shares of LON GTE traded up GBX 263.95 during trading on Wednesday, hitting GBX 778.95. The company had a trading volume of 26,343 shares, compared to its average volume of 2,921. Gran Tierra Energy has a 52 week low of GBX 270 and a 52 week high of GBX 847.20. The business’s 50-day moving average is GBX 508.19 and its 200 day moving average is GBX 516.60. The company has a market cap of £275.44 million, a P/E ratio of -0.94, a PEG ratio of 0.23 and a beta of 0.13.

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.