Shares of Gran Tierra Energy Inc (TSE:GTE) (NYSEMKT:GTE) have been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$5.22.
Several equities analysts recently issued reports on GTE shares. Eight Capital boosted their price objective on Gran Tierra Energy from C$5.50 to C$6.25 in a research report on Tuesday, February 6th. Zacks Investment Research upgraded Gran Tierra Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, October 27th. Scotiabank reiterated an “outperform” rating and issued a C$5.50 price objective on shares of Gran Tierra Energy in a research report on Tuesday, December 19th. Finally, CIBC boosted their price objective on Gran Tierra Energy from C$3.00 to C$3.50 in a research report on Tuesday, January 23rd.
In other news, insider Gmt Capital Corp purchased 12,000 shares of Gran Tierra Energy stock in a transaction on Monday, January 29th. The stock was purchased at an average price of C$2.88 per share, with a total value of C$34,560.00. In the last ninety days, insiders have acquired 111,900 shares of company stock valued at $248,342.
Shares of Gran Tierra Energy (TSE:GTE) traded up C$0.11 during mid-day trading on Friday, hitting C$3.23. The stock had a trading volume of 411,150 shares, compared to its average volume of 785,325. The company has a market cap of $1,230.00, a PE ratio of -7.80 and a beta of 0.19. Gran Tierra Energy has a one year low of C$2.41 and a one year high of C$3.75.
About Gran Tierra Energy
Gran Tierra Energy Inc is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization.
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