Gran Tierra Energy (TSE:GTE) Price Target Cut to C$2.75
Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) had its target price decreased by Royal Bank of Canada from C$3.00 to C$2.75 in a research report report published on Monday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.
Other equities analysts have also recently issued research reports about the stock. National Bank Financial cut their target price on shares of Gran Tierra Energy from C$2.25 to C$2.00 and set a sector perform rating on the stock in a report on Wednesday, November 6th. Citigroup cut their target price on shares of Gran Tierra Energy from C$5.00 to C$3.90 in a report on Monday, August 12th. Finally, CIBC cut their target price on shares of Gran Tierra Energy from C$4.00 to C$2.50 in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of C$3.49.
TSE GTE traded down C$0.01 during trading hours on Monday, reaching C$1.32. The company’s stock had a trading volume of 421,457 shares, compared to its average volume of 826,172. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 63.44. The business has a 50-day simple moving average of C$1.48 and a 200 day simple moving average of C$2.06. Gran Tierra Energy has a 52 week low of C$1.28 and a 52 week high of C$3.78. The stock has a market cap of $488.09 million and a PE ratio of 660.00.
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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