Gran Tierra Energy (GTE) Receives Price Target

Gran Tierra Energy (GTE) : Currently there are 2 street experts covering Gran Tierra Energy (GTE) stock. The most bullish and bearish price target for the stock is $6 and $4 respectively for the short term. The average price target of all the analysts comes to $4.78. The estimated standard deviation from the target is $1.73.


Gran Tierra Energy (NYSEMKT:GTE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.75 and $2.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.82, notching a gain of 1.81% for the day. The total traded volume was 465,847 . The stock had closed at $2.77 on the previous day.

Gran Tierra Energy Inc. is an energy Company. Through its subsidiaries, the Company is engaged in oil and gas acquisition, exploration, development and production. The Company owns the rights to oil and gas properties in Colombia, Peru and Brazil. In Colombia, the Company focuses on developing its producing light oil fields, including Costayaco and Moqueta, and on the generation of exploration prospects. In Peru, the Company is engaged in engineering, procurement and construction work in preparation for a long-term production test. It commenced drilling the Bretana Sur 95-3-4-1X well and drilled the Bretana Sur 95-2-1XD water disposal well. In Brazil, on Block REC-T-155, the Company completed the dual completions of the 3-GTE-03-BA and 4-GTE-04-BA development wells in the Tie field and completed single-stage fracture stimulation on the 1-GTE-8DP-BA exploration well.

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