Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) had its price objective reduced by analysts at National Bank Financial from C$2.25 to C$2.00 in a research note issued to investors on Wednesday, November 6th, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 52.67% from the company’s previous close. National Bank Financial also issued estimates for Gran Tierra Energy’s FY2020 earnings at $0.11 EPS.
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A number of other analysts have also commented on GTE. Citigroup cut their price objective on shares of Gran Tierra Energy from C$5.00 to C$3.90 in a research report on Monday, August 12th. Eight Capital cut their price objective on shares of Gran Tierra Energy from C$6.00 to C$5.50 in a research report on Thursday, July 11th. Royal Bank of Canada cut their price objective on shares of Gran Tierra Energy from C$3.60 to C$3.00 in a research report on Monday, October 21st. Finally, CIBC dropped their price target on shares of Gran Tierra Energy from C$4.00 to C$2.50 in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Gran Tierra Energy currently has an average rating of “Buy” and a consensus target price of C$3.49.
Shares of Gran Tierra Energy stock traded down C$0.06 on Wednesday, hitting C$1.31. The company had a trading volume of 1,302,086 shares, compared to its average volume of 832,352. The stock has a 50-day moving average of C$1.40 and a 200-day moving average of C$1.94. The company has a debt-to-equity ratio of 63.62, a current ratio of 0.98 and a quick ratio of 0.89. The firm has a market capitalization of $502.77 million and a P/E ratio of 655.00. Gran Tierra Energy has a twelve month low of C$1.22 and a twelve month high of C$3.76.
About Gran Tierra Energy
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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