Gran Tierra Energy (TSE:GTE) Rating Lowered to “Hold” at Roth Mkm

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

Several other research firms also recently issued reports on GTE. Canaccord Genuity Group downgraded Gran Tierra Energy from a “buy” rating to a “hold” rating and set a C$8.00 price objective on the stock. in a report on Tuesday. Royal Bank Of Canada lowered their price target 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 equities research analysts have rated the stock with a Hold rating, According to data from 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

Shares of Gran Tierra Energy stock opened at C$7.37 on Thursday. The stock has a market capitalization of C$260.13 million, a price-to-earnings ratio of -2.87, a P/E/G ratio of 0.23 and a beta of 0.87. Gran Tierra Energy has a 1-year low of C$4.33 and a 1-year high of C$8.68. The firm’s 50-day moving average price is C$6.28 and its two-hundred day moving average price is C$5.94. The company has a current ratio of 1.31, a quick ratio of 0.58 and a debt-to-equity ratio of 176.57.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last issued its quarterly earnings data on Thursday, October 30th. The company reported C($0.57) earnings per share (EPS) for the quarter. The business had revenue of C$207.82 million during the quarter. Gran Tierra Energy had a net margin of 7.17% and a return on equity of 11.08%. On average, equities analysts predict 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.