Impact of Brokerage Rating on Gran Tierra Energy Inc.(GTE)

Many Gran Tierra Energy Inc.(GTE) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Gran Tierra Energy was Upgraded by Credit Suisse to Outperform on Feb 10, 2017.

Company has reported several Insider transactions to the SEC, on Dec 23, 2016, David Eldon Hardy (VP, Legal and General Counsel) purchased 9,000 shares at 2.84 per share price.On Dec 22, 2016, Ronald Royal (director) purchased 115,000 shares at 2.92 per share price.On Dec 21, 2016, Ed Caldwell (officer ) purchased 15,000 shares at 2.92 per share price.

Gran Tierra Energy Last issued its quarterly earnings results on Nov 7, 2016. The company reported $-0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.19. Analyst had a consensus of $-0.02. The company had revenue of $71.70 million for the quarter, compared to analysts expectations of $92.09 million. The companys revenue was down -5.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.36 EPS.

Gran Tierra Energy Inc. (NYSEMKT:GTE) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2 by 2 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold.

Gran Tierra Energy Inc. (NYSEMKT:GTE): The stock price is expected to reach $ 4.78 in the short term. The number of analysts agreeing with this consensus is 2. The higher estimate for the short term price target is at $6 while the lower estimate is at $4. The standard deviation of the price stands at $1.73.

Gran Tierra Energy Inc. (NYSEMKT:GTE) rose 0.38% or 0.01 points on Tuesday and made its way into the gainers of the day. After trading began at $2.67 the stock was seen hitting $2.68 as a peak level and $2.62 as the lowest level. The stock ended up at $2.67. The daily volume was measured at 2,007,417 shares. The 52-week high of the share price is $3.49 and the 52-week low is $2.07. The company has a market cap of $1,043 million.

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.


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