Gran Tierra Energy (TSE:GTE) Upgraded to Strong-Buy at Roth Mkm

Roth Mkm upgraded shares of Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) from a hold rating to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

A number of other research firms have also recently issued reports on GTE. Raymond James Financial upgraded Gran Tierra Energy from a “hold” rating to a “moderate buy” rating and boosted their price objective for the company from C$9.00 to C$15.00 in a research report on Monday, March 30th. Canaccord Genuity Group upgraded Gran Tierra Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$10.00 to C$14.00 in a research report on Tuesday, April 14th. Finally, Roth upgraded Gran Tierra Energy from a “neutral” rating to a “buy” rating and set a C$14.50 price target on the stock in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$12.50.

Gran Tierra Energy Stock Performance

GTE opened at C$10.57 on Tuesday. The stock has a market cap of C$373.76 million, a PE ratio of -1.28, a P/E/G ratio of 0.23 and a beta of -0.50. The company has a current ratio of 0.53, a quick ratio of 0.58 and a debt-to-equity ratio of 576.04. Gran Tierra Energy has a 1 year low of C$4.33 and a 1 year high of C$13.58. The stock’s 50 day simple moving average is C$11.55 and its 200-day simple moving average is C$9.24.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last released its quarterly earnings data on Friday, May 8th. The company reported C($4.70) earnings per share (EPS) for the quarter. The firm had revenue of C$239.21 million for the quarter. Gran Tierra Energy had a negative net margin of 48.52% and a negative return on equity of 107.11%. Sell-side analysts forecast 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.