The stock of Gran Tierra Energy Inc. (TSE:GTE) is a huge mover today! About 802,717 shares traded hands or 31.85% up from the average. Gran Tierra Energy Inc. (TSE:GTE) has risen 18.42% since April 1, 2016 and is uptrending. It has outperformed by 16.46% the S&P500.
The move comes after 7 months positive chart setup for the $1.09B company. It was reported on Nov, 7 by Barchart.com. We have $4.84 PT which if reached, will make TSE:GTE worth $305.20 million more.
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 7.41% above today’s ($3.78) stock price. Gran Tierra Energy has been the topic of 11 analyst reports since September 2, 2015 according to StockzIntelligence Inc. Scotia Capital upgraded the shares of GTE in a report on Friday, December 18 to “Outperform” rating. 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: Marketwatch.com which released: “Gran Tierra Energy Inc. Announces Colombian Peso Hedging Program” on June 08, 2016, also Marketwatch.com with their article: “Gran Tierra Energy Inc. and Petroamerica Oil Corp. Announce Closing of …” published on January 13, 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 Second Quarter 2016 Results Highlighted by …” published on August 08, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Gran Tierra Energy Q3 loss per share $0.71” with publication date: November 07, 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 $1.09 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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