Gran Tierra Energy Inc. (TSE:GTE)‘s stock had its “outperform” rating restated by equities research analysts at Scotiabank in a report released on Thursday. They presently have a C$5.25 price target on the stock. Scotiabank’s target price suggests a potential upside of 95.17% from the stock’s previous close.

A number of other research analysts also recently commented on GTE. Canaccord Genuity reissued a “buy” rating on shares of Gran Tierra Energy in a research report on Wednesday, June 1st. FirstEnergy Capital reissued an “outperform” rating on shares of Gran Tierra Energy in a research report on Friday, August 12th. Paradigm Capital reissued a “buy” rating and set a C$4.15 target price on shares of Gran Tierra Energy in a research report on Thursday, June 2nd. TD Securities reissued a “buy” rating and set a C$5.00 target price on shares of Gran Tierra Energy in a research report on Tuesday, June 14th. Finally, Zacks Investment Research raised shares of Gran Tierra Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, May 31st. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$6.57.

Gran Tierra Energy (TSE:GTE) opened at 3.56 on Thursday. The stock’s 50 day moving average is $3.73 and its 200 day moving average is $3.71. The stock’s market capitalization is $1.06 billion. Gran Tierra Energy has a 12-month low of $2.56 and a 12-month high of $4.44.

Gran Tierra Energy (TSE:GTE) last posted its earnings results on Monday, August 8th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.17. During the same quarter last year, the firm earned ($0.13) EPS. Equities analysts anticipate that Gran Tierra Energy will post ($0.40) EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in GTE. Roanoke Asset Management Corp NY acquired a new stake in shares of Gran Tierra Energy during the second quarter valued at approximately $101,000. Capstone Investment Advisors LLC boosted its stake in shares of Gran Tierra Energy by 8.5% in the second quarter. Capstone Investment Advisors LLC now owns 36,251 shares of the company’s stock valued at $122,000 after buying an additional 2,851 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Gran Tierra Energy by 20.3% in the second quarter. Teacher Retirement System of Texas now owns 41,554 shares of the company’s stock valued at $140,000 after buying an additional 7,023 shares during the last quarter. Hsbc Holdings PLC raised its position in Gran Tierra Energy by 10.6% in the second quarter. Hsbc Holdings PLC now owns 41,489 shares of the company’s stock valued at $140,000 after buying an additional 3,971 shares during the period. Finally, CIBC World Markets Inc. raised its position in Gran Tierra Energy by 3.7% in the first quarter. CIBC World Markets Inc. now owns 57,321 shares of the company’s stock valued at $142,000 after buying an additional 2,033 shares during the period.

Gran Tierra Energy Company Profile

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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