TD Securities reissued their buy rating on shares of Gran Tierra Energy Inc. (TSE:GTE) in a research note issued to investors on Thursday. They currently have a C$5.50 price target on the stock.

A number of other research analysts have also recently weighed in on the stock. Canaccord Genuity reissued a buy rating and set a C$5.00 price objective (up from C$4.50) on shares of Gran Tierra Energy in a research note on Friday, June 17th. Scotiabank reissued an outperform rating and set a C$5.25 price objective on shares of Gran Tierra Energy in a research note on Wednesday, August 24th. CIBC raised their price objective on shares of Gran Tierra Energy from C$4.00 to C$4.75 in a research note on Tuesday, July 5th. Paradigm Capital raised their price objective on shares of Gran Tierra Energy from C$4.75 to C$5.00 and gave the stock a buy rating in a research note on Tuesday, August 9th. Finally, Mackie raised their price objective on shares of Gran Tierra Energy from C$5.25 to C$5.60 and gave the stock a buy rating in a research note on Tuesday, July 5th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Gran Tierra Energy has an average rating of Buy and an average target price of C$6.57.

Shares of Gran Tierra Energy (TSE:GTE) opened at 3.54 on Thursday. The stock’s market cap is $1.05 billion. The firm has a 50-day moving average price of $3.73 and a 200-day moving average price of $3.71. Gran Tierra Energy has a 12 month low of $2.56 and a 12 month high of $4.44.

Gran Tierra Energy (TSE:GTE) last issued its earnings results on Monday, August 8th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.17. During the same quarter in the prior year, the firm earned ($0.13) EPS. Equities analysts expect that Gran Tierra Energy will post ($0.40) EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Roanoke Asset Management Corp NY bought a new stake in Gran Tierra Energy during the second quarter valued at $101,000. Capstone Investment Advisors LLC increased its stake in Gran Tierra Energy by 8.5% in the second quarter. Capstone Investment Advisors LLC now owns 36,251 shares of the company’s stock valued at $122,000 after buying an additional 2,851 shares during the last quarter. Hsbc Holdings PLC increased its stake in Gran Tierra Energy by 10.6% in the second quarter. Hsbc Holdings PLC now owns 41,489 shares of the company’s stock valued at $140,000 after buying an additional 3,971 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Gran Tierra Energy by 20.3% in the second quarter. Teacher Retirement System of Texas now owns 41,554 shares of the company’s stock valued at $140,000 after buying an additional 7,023 shares during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new stake in Gran Tierra Energy during the second quarter valued at $155,000.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization.

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