Gran Tierra Energy (NYSEAMEX:GTE) had its price target upped by Jennings Capital from $8.50 to $9.50 in a research note issued to investors on Thursday, Analyst Ratings Network reports. The firm currently has a buy rating on the stock.
Gran Tierra Energy (NYSEAMEX:GTE) opened at 6.79 on Thursday. Gran Tierra Energy has a 1-year low of $4.45 and a 1-year high of $6.99. The stock has a 50-day moving average of $6.3 and a 200-day moving average of $6.05. The company has a market cap of $1.922 billion and a price-to-earnings ratio of 9.85.
A number of other analysts have also recently weighed in on GTE. Analysts at TD Securities raised their price target on shares of Gran Tierra Energy from $8.50 to $9.00 in a research note to investors on Thursday, August 22nd. Separately, analysts at Dundee Securities raised their price target on shares of Gran Tierra Energy from $9.25 to $9.50 in a research note to investors on Thursday, August 22nd. Finally, analysts at Stonecap Securities initiated coverage on shares of Gran Tierra Energy in a research note to investors on Thursday, August 22nd. They set an outperform rating and a C$9.25 price target on the stock.
Five research analysts have rated the stock with a buy rating, Gran Tierra Energy currently has a consensus rating of Buy and a consensus target price of $8.84.
Gran Tierra Energy Inc (NYSEAMEX:GTE) is an independent international energy company engaged in oil and gas acquisition, exploration, development and production.
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