Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) received a C$5.75 price objective from analysts at Scotiabank in a report released on Thursday. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 69.62% from the company’s previous close.

A number of other research analysts have also recently issued reports on GTE. Zacks Investment Research cut shares of Gran Tierra Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. CIBC boosted their price objective on shares of Gran Tierra Energy from C$3.00 to C$3.50 in a report on Tuesday, January 23rd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Gran Tierra Energy has a consensus rating of “Buy” and a consensus target price of C$4.69.

Gran Tierra Energy (TSE:GTE) opened at C$3.39 on Thursday. The stock has a market cap of $1,360.00, a P/E ratio of -8.69 and a beta of 0.19. Gran Tierra Energy has a 1-year low of C$2.41 and a 1-year high of C$3.75.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last issued its quarterly earnings data on Thursday, November 2nd. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.04). The firm had revenue of C$103.77 million for the quarter, compared to analyst estimates of C$110.60 million. Gran Tierra Energy had a net margin of 3.02% and a return on equity of 1.28%. The firm’s revenue for the quarter was up 51.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.71) EPS.

In related news, insider Gmt Capital Corp purchased 14,600 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were purchased at an average price of C$2.10 per share, with a total value of C$30,660.00. In the last ninety days, insiders acquired 111,900 shares of company stock worth $248,342.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Brandes Investment Partners LP lifted its stake in Gran Tierra Energy by 20.1% in the third quarter. Brandes Investment Partners LP now owns 151,959 shares of the company’s stock valued at $346,000 after buying an additional 25,406 shares in the last quarter. Schroder Investment Management Group lifted its stake in Gran Tierra Energy by 40.6% in the third quarter. Schroder Investment Management Group now owns 7,434,709 shares of the company’s stock valued at $20,141,000 after buying an additional 2,146,732 shares in the last quarter. Concourse Capital Management LLC lifted its stake in Gran Tierra Energy by 28.7% in the third quarter. Concourse Capital Management LLC now owns 1,085,061 shares of the company’s stock valued at $2,474,000 after buying an additional 242,140 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Gran Tierra Energy by 78.9% in the third quarter. JPMorgan Chase & Co. now owns 392,545 shares of the company’s stock valued at $895,000 after buying an additional 173,178 shares in the last quarter. Finally, GMT Capital Corp lifted its stake in Gran Tierra Energy by 4.5% in the third quarter. GMT Capital Corp now owns 51,034,600 shares of the company’s stock valued at $115,482,000 after buying an additional 2,195,500 shares in the last quarter.

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About Gran Tierra Energy

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.

Analyst Recommendations for Gran Tierra Energy (TSE:GTE)

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