Gran Tierra Energy (TSE:GTE) Downgraded to “Hold” Rating by Roth Mkm

Roth Mkm lowered shares of Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) from a strong-buy rating to a hold rating in a report issued on Thursday,Zacks.com reports.

A number of other brokerages also recently weighed in on GTE. Royal Bank Of Canada dropped their price objective on Gran Tierra Energy from C$8.00 to C$6.50 and set a “sector perform” rating on the stock in a research report on Friday, December 12th. Canaccord Genuity Group cut shares of Gran Tierra Energy from a “buy” rating to a “hold” rating and set a C$8.00 price target for the company. in a research note on Tuesday. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Gran Tierra Energy has an average rating of “Hold” and a consensus price target of C$8.17.

Gran Tierra Energy Stock Performance

Shares of GTE stock opened at C$8.43 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.58 and a debt-to-equity ratio of 176.57. Gran Tierra Energy has a 12 month low of C$4.33 and a 12 month high of C$8.68. The firm has a market capitalization of C$297.55 million, a price-to-earnings ratio of -3.28, a PEG ratio of 0.23 and a beta of 0.87. The business’s 50-day moving average price is C$6.25 and its 200-day moving average price is C$5.94.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last released its quarterly earnings data on Thursday, October 30th. The company reported C($0.57) earnings per share for the quarter. The business had revenue of C$207.82 million during the quarter. Gran Tierra Energy had a return on equity of 11.08% and a net margin of 7.17%. Equities research 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.