Gran Tierra Energy Inc. (TSE:GTE)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Scotiabank in a research note issued on Thursday. They currently have a C$5.25 target price on the stock. Scotiabank’s target price indicates a potential upside of 95.17% from the stock’s current price.

GTE has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Gran Tierra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, June 9th. Canaccord Genuity reiterated a “buy” rating on shares of Gran Tierra Energy in a research note on Wednesday, July 20th. TD Securities increased their price target on shares of Gran Tierra Energy from C$5.00 to C$5.50 and gave the company a “buy” rating in a research note on Tuesday, July 12th. FirstEnergy Capital reiterated an “outperform” rating on shares of Gran Tierra Energy in a research note on Friday, August 12th. Finally, Royal Bank Of Canada increased their price target on shares of Gran Tierra Energy from C$6.00 to C$6.50 and gave the company a “top pick” rating in a research note on Tuesday, July 12th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$6.57.

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

Gran Tierra Energy (TSE:GTE) last released its earnings results on Monday, August 8th. The company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.17. During the same period in the previous year, the firm posted ($0.13) EPS. Equities research analysts forecast that Gran Tierra Energy will post ($0.40) EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Roanoke Asset Management Corp NY acquired a new stake in Gran Tierra Energy during the second quarter worth approximately $101,000. Capstone Investment Advisors LLC increased its stake in Gran Tierra Energy by 8.5% in the second quarter. Capstone Investment Advisors LLC now owns 36,251 shares of the company’s stock worth $122,000 after buying an additional 2,851 shares during the period. Hsbc Holdings PLC increased its stake in Gran Tierra Energy by 10.6% in the second quarter. Hsbc Holdings PLC now owns 41,489 shares of the company’s stock worth $140,000 after buying an additional 3,971 shares during the period. Teacher Retirement System of Texas increased its stake in 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 worth $140,000 after buying an additional 7,023 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new stake in Gran Tierra Energy during the second quarter worth approximately $155,000.

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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