Gran Tierra Energy (TSE:GTE) Cut to Hold at Canaccord Genuity Group

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

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

Gran Tierra Energy Stock Performance

Shares of TSE:GTE opened at C$8.43 on Tuesday. The business has a fifty day moving average of C$6.25 and a 200-day moving average of C$5.94. 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 twelve month low of C$4.33 and a twelve month high of C$8.68. The firm has a market cap of C$297.55 million, a PE ratio of -3.28, a price-to-earnings-growth ratio of 0.23 and a beta of 0.87.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last issued its quarterly earnings data on Thursday, October 30th. The company reported C($0.57) EPS for the quarter. The company 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%. On average, equities research analysts predict that Gran Tierra Energy will post 0.1092044 EPS 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.