The stock of Gran Tierra Energy Inc. (TSE:GTE) is a huge mover today! About 300,393 shares traded hands. Gran Tierra Energy Inc. (TSE:GTE) has risen 10.05% since March 11, 2016 and is uptrending. It has outperformed by 4.57% the S&P500.
The move comes after 6 months negative chart setup for the $1.17B company. It was reported on Oct, 18 by Barchart.com. We have $3.72 PT which if reached, will make TSE:GTE worth $93.60 million less.
Gran Tierra Energy Inc. (TSE:GTE) Ratings Coverage
Out of 6 analysts covering Gran Tierra Energy (TSE:GTE), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $5.25 is the highest target while $2.10 is the lowest. The $4.06 average target is 0.50% above today’s ($4.04) stock price. Gran Tierra Energy has been the topic of 11 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, August 24 by Scotia Capital. The rating was upgraded by Scotia Capital on Friday, December 18 to “Outperform”.
More notable recent Gran Tierra Energy Inc. (TSE:GTE) news were published by: Marketwatch.com which released: “Gran Tierra Energy Inc. and Petroamerica Oil Corp. Announce Closing of …” on January 13, 2016, also Marketwatch.com with their article: “Gran Tierra Energy Inc. Announces Colombian Peso Hedging Program” published on June 08, 2016, Marketwired.com published: “Gran Tierra Energy Inc. Announces Closing of PetroLatina Energy Ltd. Acquisition” on August 23, 2016. More interesting news about Gran Tierra Energy Inc. (TSE:GTE) were released by: Marketwatch.com and their article: “Gran Tierra Energy Inc. Announces Private Offering of $100 Million of …” published on March 30, 2016 as well as Marketwatch.com‘s news article titled: “Gran Tierra Energy Inc. Announces Increase in 2016 Exploration Capital Budget …” with publication date: June 01, 2016.
Gran Tierra Energy Inc. is an energy firm engaged in gas and oil acquisition, exploration, development and production. The company has a market cap of $1.17 billion. The Firm focuses on onshore gas and oil properties in Colombia, and also own rights to gas and oil properties in Brazil and Peru. It currently has negative earnings. The Company’s divisions are Colombia, Peru and Brazil based on geographic organization.
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