Gran Tierra Energy (TSE:GTE) Raised to Buy at Roth

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) was upgraded by research analysts at Roth from a “neutral” rating to a “buy” rating in a report released on Tuesday,BayStreet.CA reports. The firm currently has a C$14.50 price target on the stock. Roth’s target price would suggest a potential upside of 37.83% from the company’s current price.

A number of other equities research analysts have also weighed in on GTE. Raymond James Financial upgraded shares of Gran Tierra Energy from a “hold” rating to a “moderate buy” rating and boosted their price objective for the stock from C$9.00 to C$15.00 in a report on Monday, March 30th. Canaccord Genuity Group upgraded shares of Gran Tierra Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$10.00 to C$14.00 in a report on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$12.50.

Gran Tierra Energy Price Performance

GTE stock traded down C$0.35 during midday trading on Tuesday, reaching C$10.52. The company had a trading volume of 15,990 shares, compared to its average volume of 81,052. The company has a debt-to-equity ratio of 576.04, a current ratio of 0.53 and a quick ratio of 0.58. Gran Tierra Energy has a 1 year low of C$4.33 and a 1 year high of C$13.58. The company has a market capitalization of C$371.99 million, a P/E ratio of -1.27, a P/E/G ratio of 0.23 and a beta of -0.50. The firm has a 50-day moving average price of C$11.58 and a 200-day moving average price of C$9.21.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last announced its quarterly earnings data on Friday, May 8th. The company reported C($4.70) earnings per share for the quarter. The business had revenue of C$239.21 million during the quarter. Gran Tierra Energy had a negative return on equity of 107.11% and a negative net margin of 48.52%. On average, research analysts anticipate that Gran Tierra Energy will post 0.1092044 earnings per share for the current fiscal year.

About Gran Tierra Energy

Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties in proven, under-explored hydrocarbon basins that have access to established infrastructure. The firm produces primarily light crude oil, supplemented with medium crude and natural gas. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a base for future growth.