The stock of Gran Tierra Energy Inc. (NYSEMKT:GTE) is a huge mover today! About 885,256 shares traded hands. Gran Tierra Energy Inc. (NYSEMKT:GTE) has risen 15.58% since April 5, 2016 and is uptrending. It has outperformed by 13.63% the S&P500.
The move comes after 8 months positive chart setup for the $793.34M company. It was reported on Nov, 7 by Barchart.com. We have $3.46 PT which if reached, will make NYSEMKT:GTE worth $166.60 million more.
Gran Tierra Energy Inc. (NYSEMKT:GTE) Ratings Coverage
Out of 5 analysts covering Gran Tierra Energy (NYSEMKT:GTE), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Gran Tierra Energy has been the topic of 8 analyst reports since September 9, 2015 according to StockzIntelligence Inc. RBC Capital Markets upgraded the shares of GTE in a report on Monday, June 20 to “Top Pick” rating. The firm has “Buy” rating given on Friday, November 4 by Citigroup. As per Friday, January 29, the company rating was maintained by RBC Capital Markets. The rating was downgraded by Citigroup on Monday, December 14 to “Neutral”. The rating was upgraded by Goldman Sachs on Friday, September 11 to “Neutral”.
According to Zacks Investment Research, “Gran Tierra Energy Inc. is an international oil and gas exploration and production company, headquartered in Calgary, Canada, incorporated and traded in the United States and operating in South America. Gran Tierra Energy holds interests in producing and prospective properties in Argentina, Colombia and Peru. The company strategy is focused on establishing a portfolio of drilling opportunities to exploit undeveloped reserves to grow production, as well as undertaking exploration to grow future reserves.”
More notable recent Gran Tierra Energy Inc. (NYSEMKT:GTE) news were published by: Reuters.com which released: “BRIEF-Gran Tierra Energy Q3 loss per share $0.71” on November 07, 2016, also Marketwatch.com with their article: “Gran Tierra Energy Inc. Announces Colombian Peso Hedging Program” published on June 08, 2016, Marketwatch.com published: “Gran Tierra Energy Inc. and Petroamerica Oil Corp. Announce Closing of …” on January 13, 2016. More interesting news about Gran Tierra Energy Inc. (NYSEMKT: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 Reuters.com‘s news article titled: “BRIEF-Gran Tierra Energy announces Q3 results highlighted by successful de…” with publication date: November 07, 2016.
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