The stock of Gran Tierra Energy Inc. (NYSEMKT:GTE) is a huge mover today! About 4.62 million shares traded hands or 162.50% up from the average. Gran Tierra Energy Inc. (NYSEMKT:GTE) has declined 12.16% since April 27, 2016 and is downtrending. It has underperformed by 17.39% the S&P500.
The move comes after 9 months positive chart setup for the $1.08 billion company. It was reported on Nov, 30 by Barchart.com. We have $3.19 PT which if reached, will make NYSEMKT:GTE worth $97.20M 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 $7.37M 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. On Friday, September 11 the stock rating was upgraded by Goldman Sachs to “Neutral”. The stock has “Outperform” rating given by RBC Capital Markets on Friday, January 29. The firm earned “Neutral” rating on Monday, December 14 by Citigroup. On Friday, November 4 the stock rating was upgraded by Citigroup to “Buy”. 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 important recent Gran Tierra Energy Inc. (NYSEMKT:GTE) news were published by: Marketwatch.com which released: “Gran Tierra Energy Inc. and Petroamerica Oil Corp. Announce Closing of …” on January 13, 2016, also Marketwatch.com published article titled: “Gran Tierra Energy Inc. Announces Colombian Peso Hedging Program”, 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. (NYSEMKT:GTE) was released by: Streetinsider.com and their article: “Form 4 GRAN TIERRA ENERGY INC. For: Nov 29 Filed by: Smith David P” with publication date: November 29, 2016.
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