The stock of Gran Tierra Energy Inc. (TSE:GTE) is a huge mover today! About 235,479 shares traded hands. Gran Tierra Energy Inc. (TSE:GTE) has risen 18.81% since March 24, 2016 and is uptrending. It has outperformed by 15.33% the S&P500.
The move comes after 5 months negative chart setup for the $1.12 billion company. It was reported on Oct, 31 by Barchart.com. We have $3.72 PT which if reached, will make TSE:GTE worth $56.00 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. Gran Tierra Energy has been the topic of 11 analyst reports since September 2, 2015 according to StockzIntelligence Inc. Scotia Capital upgraded it to “Outperform” rating and $4.50 target price in Friday, December 18 report. Scotia Capital maintained it with “Outperform” rating and $5.25 target price in Wednesday, August 24 report.
More notable recent Gran Tierra Energy Inc. (TSE:GTE) news were published by: Seekingalpha.com which released: “Gran Tierra Energy – Huge South American Oil Producer” on October 27, 2016, also Marketwatch.com with their article: “Gran Tierra Energy Inc. and Petroamerica Oil Corp. Announce Closing of …” published on January 13, 2016, Marketwatch.com published: “Gran Tierra Energy Inc. Announces Colombian Peso Hedging Program” on June 08, 2016. More interesting news about Gran Tierra Energy Inc. (TSE:GTE) were released by: Marketwired.com and their article: “Gran Tierra Energy Inc. Announces Closing of PetroLatina Energy Ltd. Acquisition” published on August 23, 2016 as well as Marketwatch.com‘s news article titled: “Gran Tierra Energy Inc. Announces Second Quarter 2016 Results Highlighted by …” with publication date: August 08, 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 $1.12 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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