Gran Tierra Energy (TSE:GTE) Price Target Raised to C$18.50

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) had its target price lifted by Roth MKM from C$17.50 to C$18.50 in a research note published on Wednesday morning,BayStreet reports.

Separately, Roth Capital raised Gran Tierra Energy from a “neutral” rating to a “buy” rating and set a C$14.50 target price on the stock in a research report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$13.70.

Gran Tierra Energy Trading Down 5.3%

TSE GTE opened at C$13.63 on Wednesday. The company has a debt-to-equity ratio of 451.88, a current ratio of 0.48 and a quick ratio of 0.58. The stock has a market capitalization of C$482.23 million, a P/E ratio of -1.89, a PEG ratio of 0.23 and a beta of -0.44. The firm’s 50-day moving average is C$12.89 and its two-hundred day moving average is C$11.65. Gran Tierra Energy has a 12 month low of C$4.33 and a 12 month high of C$16.16.

About Gran Tierra Energy

Gran Tierra Energy Inc, together with its subsidiaries, is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia, Ecuador and Azerbaijan. Upon completion of the Transaction described in this press release, the Company’s producing operations will be focused on Canada, and the Company will continue to pursue its exploration interests in Azerbaijan and additional new growth opportunities that would further strengthen the Company’s portfolio.