The stock of Gran Tierra Energy Inc. (NYSEMKT:GTE) is a huge mover today! About 1.47 million shares traded hands. Gran Tierra Energy Inc. (NYSEMKT:GTE) has risen 0.69% since April 21, 2016 and is uptrending. It has underperformed by 4.63% the S&P500.
The move comes after 9 months positive chart setup for the $930.90M company. It was reported on Nov, 23 by Barchart.com. We have $3.16 PT which if reached, will make NYSEMKT:GTE worth $74.47 million more.
Analysts await Gran Tierra Energy Inc. (NYSEMKT:GTE) to report earnings on March, 6. They expect $0.02 EPS, down 77.78% or $0.07 from last year’s $0.09 per share. GTE’s profit will be $6.35 million for 36.63 P/E if the $0.02 EPS becomes a reality. After $-0.05 actual EPS reported by Gran Tierra Energy Inc. for the previous quarter, Wall Street now forecasts -140.00% EPS growth.
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. Citigroup upgraded the shares of GTE in a report on Friday, November 4 to “Buy” rating. The firm has “Neutral” rating given on Monday, December 14 by Citigroup. The firm earned “Outperform” rating on Friday, January 29 by RBC Capital Markets. The firm earned “Neutral” rating on Friday, September 11 by Goldman Sachs. As per Monday, June 20, the company rating was upgraded by RBC Capital Markets.
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 Inc announces US $130 mln bought-deal public of…” on November 21, 2016, also Marketwired.com with their article: “Gran Tierra Energy Inc. Announces US$130 Million Bought-Deal Public Offering …” published on November 21, 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. (NYSEMKT:GTE) were released by: Marketwatch.com and their article: “Gran Tierra Energy Inc. and Petroamerica Oil Corp. Announce Closing of …” published on January 13, 2016 as well as Marketwired.com‘s news article titled: “Gran Tierra Energy Inc. Announces Closing of PetroLatina Energy Ltd. Acquisition” with publication date: August 23, 2016.
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