Gran Tierra Energy (NYSEMKT:GTE) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.67 by 3 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Paradigm Capital upgrades its rating on Gran Tierra Energy (NYSEMKT:GTE). The global brokerage major raises the current price target from $3.5 per share to $3.75 per share. Analysts at the Paradigm Capital have a current rating of Buy on the shares. The shares were previously rated Hold. The rating by the firm was issued on April 7, 2016.
Gran Tierra Energy (NYSEMKT:GTE): The stock price is expected to reach $ 3.66 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 $4 while the lower estimate is at $4. The standard deviation of the price stands at $0.13.
Gran Tierra Energy (NYSEMKT:GTE) rose 3.64% or 0.12 points on Tuesday and made its way into the gainers of the day. After trading began at $3.29 the stock was seen hitting $3.42 as a peak level and $3.27 as the lowest level. The stock ended up at $3.42. The daily volume was measured at 1,558,995 shares. The 52-week high of the share price is $3.49 and the 52-week low is $1.79. The company has a market cap of $1,014 million.
Shares of Gran Tierra Energy, Inc. rose by 6.88% in the last five trading days and 23.47% for the last 4 weeks. Gran Tierra Energy, Inc. is up 30.04% in the last 3-month period. Year-to-Date the stock performance stands at 57.6%.
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.