Gran Tierra Energy (TSE:GTE) Stock Rating Lowered by Roth Mkm

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) was downgraded by investment analysts at Roth Mkm from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other analysts have also commented on GTE. Canaccord Genuity Group lowered shares of Gran Tierra Energy from a “buy” rating to a “hold” rating and set a C$8.00 target price for the company. in a report on Tuesday. Royal Bank Of Canada decreased their price objective on Gran Tierra Energy from C$8.00 to C$6.50 and set a “sector perform” rating for the company in a research note on Friday, December 12th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Gran Tierra Energy currently has an average rating of “Hold” and a consensus target price of C$8.17.

Gran Tierra Energy Price Performance

Gran Tierra Energy stock opened at C$8.43 on Thursday. The business’s fifty day moving average is C$6.25 and its two-hundred day moving average is C$5.94. The company has a debt-to-equity ratio of 176.57, a quick ratio of 0.58 and a current ratio of 1.31. The firm has a market cap of C$297.55 million, a P/E ratio of -3.28, a P/E/G ratio of 0.23 and a beta of 0.87. Gran Tierra Energy has a 52 week low of C$4.33 and a 52 week high of C$8.68.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last released its quarterly earnings results on Thursday, October 30th. The company reported C($0.57) earnings per share (EPS) for the quarter. Gran Tierra Energy had a net margin of 7.17% and a return on equity of 11.08%. The business had revenue of C$207.82 million during the quarter. Equities research analysts forecast that Gran Tierra Energy will post 0.1092044 earnings per share for the current fiscal year.

Gran Tierra Energy Company Profile

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.