The stock of Gran Tierra Energy Inc. (TSE:GTE) is a huge mover today! About 449,913 shares traded hands. Gran Tierra Energy Inc. (TSE:GTE) has risen 21.60% since April 8, 2016 and is uptrending. It has outperformed by 16.62% the S&P500.
The move comes after 5 months negative chart setup for the $1.28B company. It was reported on Nov, 14 by Barchart.com. We have $3.49 PT which if reached, will make TSE:GTE worth $115.20M less.
Gran Tierra Energy Inc. (TSE:GTE) Ratings Coverage
Out of 7 analysts covering Gran Tierra Energy (TSE:GTE), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Gran Tierra Energy has been the topic of 13 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The firm has “Action List Buy” rating by TD Securities given on Tuesday, November 8. The rating was maintained by Scotia Capital with “Outperform” on Wednesday, August 24. Scotia Capital upgraded the shares of GTE in a report on Friday, December 18 to “Outperform” rating.
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 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 $1.28 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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