Eight Capital Boosts Gran Tierra Energy (GTE) Price Target to C$6.25
Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) had its price target lifted by equities research analysts at Eight Capital from C$5.50 to C$6.25 in a research note issued on Tuesday. Eight Capital’s price objective indicates a potential upside of 94.10% from the stock’s current price.
GTE has been the topic of a number of other reports. Scotiabank restated an “outperform” rating and issued a C$5.50 price target on shares of Gran Tierra Energy in a research note on Wednesday, November 29th. Zacks Investment Research cut Gran Tierra Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Finally, CIBC raised their price target on Gran Tierra Energy from C$3.00 to C$3.50 in a research note on Tuesday, January 23rd. One investment 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 company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$4.83.
Shares of Gran Tierra Energy (TSE:GTE) opened at C$3.22 on Tuesday. Gran Tierra Energy has a 52 week low of C$2.41 and a 52 week high of C$3.75. The firm has a market capitalization of $1,270.00, a price-to-earnings ratio of -8.05 and a beta of 0.19.
Institutional investors and hedge funds have recently bought and sold shares of the company. BlueCrest Capital Management Ltd acquired a new stake in shares of Gran Tierra Energy during the second quarter worth about $114,000. Virtu KCG Holdings LLC increased its position in shares of Gran Tierra Energy by 3.7% during the second quarter. Virtu KCG Holdings LLC now owns 115,353 shares of the company’s stock worth $258,000 after purchasing an additional 4,063 shares in the last quarter. Bank of Nova Scotia increased its position in shares of Gran Tierra Energy by 39.3% during the second quarter. Bank of Nova Scotia now owns 115,707 shares of the company’s stock worth $257,000 after purchasing an additional 32,656 shares in the last quarter. Brandes Investment Partners LP increased its position in shares of Gran Tierra Energy by 20.1% during the third quarter. Brandes Investment Partners LP now owns 151,959 shares of the company’s stock worth $346,000 after purchasing an additional 25,406 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Gran Tierra Energy by 1,810.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 208,723 shares of the company’s stock worth $476,000 after purchasing an additional 197,800 shares in the last quarter.
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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