Gran Tierra Energy (GTE) Price Target Raised to C$6.00 at Cormark
Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) had its price target lifted by Cormark from C$5.50 to C$6.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Cormark’s price target would suggest a potential upside of 81.27% from the stock’s current price.
Other analysts have also issued research reports about the stock. GMP Securities lowered shares of Gran Tierra Energy from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$5.00 to C$4.75 in a research report on Monday, February 4th. Canaccord Genuity decreased their target price on shares of Gran Tierra Energy from C$7.50 to C$6.00 in a research report on Thursday, January 10th.
Shares of TSE GTE opened at C$3.31 on Tuesday. Gran Tierra Energy has a 1 year low of C$2.76 and a 1 year high of C$5.09. The company has a market cap of $1.27 billion and a P/E ratio of 12.73. The company has a current ratio of 1.20, a quick ratio of 1.11 and a debt-to-equity ratio of 38.79.
Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.
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