Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) had its price objective decreased by Citigroup from C$5.00 to C$3.90 in a research report released on Monday, BayStreet.CA reports.

A number of other research firms also recently issued reports on GTE. GMP Securities decreased their price objective on shares of Gran Tierra Energy from C$3.50 to C$2.75 in a report on Thursday, June 20th. Canaccord Genuity decreased their price objective on shares of Gran Tierra Energy from C$6.00 to C$3.50 and set a buy rating for the company in a report on Thursday, June 20th. Cormark reduced their target price on shares of Gran Tierra Energy from C$6.00 to C$4.00 in a research note on Thursday, June 20th. BMO Capital Markets reduced their target price on shares of Gran Tierra Energy from C$4.75 to C$4.50 and set an outperform rating for the company in a research note on Wednesday, June 26th. Finally, Eight Capital reduced their target price on shares of Gran Tierra Energy from C$6.00 to C$5.50 in a research note on Thursday, July 11th.

TSE GTE opened at C$1.78 on Monday. Gran Tierra Energy has a 52-week low of C$1.77 and a 52-week high of C$5.09. The company has a 50-day simple moving average of C$2.03 and a 200 day simple moving average of C$2.72. The company has a debt-to-equity ratio of 66.36, a quick ratio of 1.73 and a current ratio of 1.80. The company has a market capitalization of $716.23 million and a PE ratio of 6.82.

About Gran Tierra Energy

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

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