Gran Tierra Energy (TSE:GTE) Downgraded by Canaccord Genuity Group to Hold

Canaccord Genuity Group downgraded shares of Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) from a buy rating to a hold rating in a research report report published on Tuesday,BayStreet.CA reports. They currently have C$8.00 price target on the stock.

GTE has been the topic of several other reports. Roth Mkm upgraded Gran Tierra Energy to a “strong-buy” rating in a research note on Friday, December 12th. Royal Bank Of Canada cut their price target on Gran Tierra Energy from C$8.00 to C$6.50 and set a “sector perform” rating on the stock in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Gran Tierra Energy presently has an average rating of “Moderate Buy” and a consensus price target of C$8.17.

Gran Tierra Energy Stock Up 3.1%

Shares of GTE opened at C$7.69 on Tuesday. The company’s 50-day simple moving average is C$6.18 and its 200-day simple moving average is C$5.91. The company has a debt-to-equity ratio of 176.57, a quick ratio of 0.58 and a current ratio of 1.31. Gran Tierra Energy has a 1 year low of C$4.33 and a 1 year high of C$8.64. The stock has a market capitalization of C$271.43 million, a PE ratio of -2.99, a P/E/G ratio of 0.23 and a beta of 0.87.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last announced its earnings results on Thursday, October 30th. The company reported C($0.57) earnings per share for the quarter. The business had revenue of C$207.82 million for the quarter. Gran Tierra Energy had a return on equity of 11.08% and a net margin of 7.17%. 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.