Gran Tierra Energy (NASDAQ:GTE) Lowered to Sell at BidaskClub

BidaskClub cut shares of Gran Tierra Energy (NASDAQ:GTE) from a hold rating to a sell rating in a report published on Wednesday morning, BidAskClub reports.

Separately, National Bank Financial reaffirmed a sector perform overweight rating on shares of Gran Tierra Energy in a report on Thursday, October 10th.

Shares of NASDAQ GTE traded down $0.01 during trading hours on Wednesday, hitting $1.23. The company had a trading volume of 29,591 shares, compared to its average volume of 2,116,530. Gran Tierra Energy has a 1-year low of $0.92 and a 1-year high of $2.64. The firm’s 50 day moving average price is $1.15.

Gran Tierra Energy (NASDAQ:GTE) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.07). The firm had revenue of $132.49 million during the quarter.

Gran Tierra Energy Company Profile

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, 2018, the company had total proved undeveloped reserves of 17.3 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

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