Gran Tierra Energy (TSE:GTE) Given a C$12.00 Price Target at Canaccord Genuity Group

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) has been assigned a C$12.00 price objective by equities research analysts at Canaccord Genuity Group in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 27.25% from the company’s previous close.

Separately, Royal Bank of Canada reduced their price objective on shares of Gran Tierra Energy from C$10.00 to C$9.50 in a research note on Monday, October 7th.

Gran Tierra Energy Price Performance

Shares of TSE GTE traded up C$0.75 during midday trading on Wednesday, reaching C$9.43. The stock had a trading volume of 49,341 shares, compared to its average volume of 44,338. The stock has a 50-day moving average of C$8.73 and a 200-day moving average of C$10.86. The company has a debt-to-equity ratio of 147.61, a quick ratio of 0.58 and a current ratio of 0.75. The company has a market capitalization of C$289.03 million, a price-to-earnings ratio of 4.35, a price-to-earnings-growth ratio of 0.23 and a beta of 1.57. Gran Tierra Energy has a 12-month low of C$6.36 and a 12-month high of C$14.23.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.