Gran Tierra Energy (GTE) PT Raised to C$7.00

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) had its price objective lifted by analysts at Canaccord Genuity from C$6.00 to C$7.00 in a research note issued to investors on Tuesday. Canaccord Genuity’s price target indicates a potential upside of 49.89% from the company’s current price.

GTE has been the subject of a number of other reports. Citigroup increased their price objective on shares of Gran Tierra Energy from C$4.60 to C$5.10 in a research note on Thursday, May 3rd. CIBC increased their price objective on shares of Gran Tierra Energy from C$4.00 to C$5.00 in a research note on Friday, May 18th. Finally, Scotiabank restated an “outperform” rating and set a C$6.25 price objective on shares of Gran Tierra Energy in a research note on Wednesday, May 2nd.

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Gran Tierra Energy stock opened at C$4.67 on Tuesday. Gran Tierra Energy has a one year low of C$2.41 and a one year high of C$4.75.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last posted its quarterly earnings data on Tuesday, May 1st. The company reported C$0.06 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.11 by C($0.05). Gran Tierra Energy had a negative return on equity of 16.58% and a negative net margin of 31.22%. The business had revenue of C$174.74 million for the quarter, compared to analyst estimates of C$167.77 million.

In other news, insider Gmt Capital Corp bought 14,600 shares of the business’s stock in a transaction that occurred on Tuesday, May 29th. The stock was acquired at an average cost of C$3.14 per share, for a total transaction of C$45,844.00. Insiders purchased a total of 62,900 shares of company stock valued at $200,705 over the last quarter.

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.