Gran Tierra Energy (TSE:GTE) Price Target Cut to C$4.00 by Analysts at CIBC

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) had its price target decreased by CIBC from C$5.00 to C$4.00 in a research report sent to investors on Thursday, BayStreet.CA reports.

GTE has been the subject of a number of other reports. GMP Securities lowered their target price on Gran Tierra Energy from C$3.50 to C$2.75 in a research note on Thursday, June 20th. BMO Capital Markets restated a buy rating on shares of Gran Tierra Energy in a research note on Wednesday, June 26th. Royal Bank of Canada restated a neutral rating and issued a $192.00 target price on shares of Amgen in a research note on Tuesday, May 21st. Eight Capital raised their target price on Wesdome Gold Mines from C$5.25 to C$6.25 in a research note on Thursday, July 11th. Finally, Canaccord Genuity reiterated a buy rating on shares of in a research report on Thursday, June 20th.

Shares of TSE:GTE opened at C$2.09 on Thursday. Gran Tierra Energy has a twelve month low of C$1.88 and a twelve month high of C$5.09. The firm has a market capitalization of $796.24 million and a price-to-earnings ratio of 9.41. The company has a debt-to-equity ratio of 50.57, a quick ratio of 1.04 and a current ratio of 1.12. The firm has a fifty day simple moving average of C$2.27.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last announced its earnings results on Tuesday, May 7th. The company reported C$0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.07 by C($0.06). The firm had revenue of C$200.28 million during the quarter, compared to the consensus estimate of C$194.54 million. On average, analysts predict that Gran Tierra Energy will post 0.18 EPS for the current fiscal year.

About Gran Tierra Energy

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

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