Gran Tierra Energy (TSE:GTE) Upgraded to “Outperform” at Raymond James Financial

Raymond James Financial upgraded shares of Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) from a market perform rating to an outperform rating in a research note published on Monday,BayStreet.CA reports. They currently have C$15.00 target price on the stock, up from their prior target price of C$9.00.

GTE has been the topic of a number of other research reports. Royal Bank Of Canada lowered their target price on shares of Gran Tierra Energy from C$8.00 to C$6.50 and set a “sector perform” rating on the stock in a research note on Friday, December 12th. Canaccord Genuity Group cut Gran Tierra Energy from a “buy” rating to a “hold” rating and set a C$8.00 price target on the stock. in a report on Tuesday, January 27th. Finally, Roth Mkm lowered shares of Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$9.83.

Gran Tierra Energy Stock Performance

GTE opened at C$12.88 on Monday. Gran Tierra Energy has a 12-month low of C$4.33 and a 12-month high of C$13.42. The company has a market cap of C$454.65 million, a price-to-earnings ratio of -2.36, a PEG ratio of 0.23 and a beta of 1.01. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 316.85. The company’s 50 day moving average is C$9.16 and its 200 day moving average is C$7.06.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last released its quarterly earnings results on Wednesday, March 4th. The company reported C($5.43) earnings per share (EPS) for the quarter. Gran Tierra Energy had a negative net margin of 32.07% and a negative return on equity of 56.05%. The company had revenue of C$169.06 million for the quarter. On average, equities research analysts predict that Gran Tierra Energy will post 0.1092044 EPS for the current 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.