CIBC Trims Gran Tierra Energy (TSE:GTE) Target Price to C$4.00

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) had its price objective lowered by CIBC from C$5.00 to C$4.00 in a report issued on Thursday morning, BayStreet.CA reports.

Several other analysts have also recently commented on the company. Canaccord Genuity restated a buy rating on shares of in a research report on Thursday, June 20th. Cormark lowered their target price on Gran Tierra Energy from C$6.00 to C$4.00 in a research report on Thursday, June 20th. Royal Bank of Canada restated a neutral rating and issued a $192.00 target price on shares of Amgen in a research report 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 report on Thursday, July 11th. Finally, GMP Securities lowered their target price on Gran Tierra Energy from C$3.50 to C$2.75 in a research report on Thursday, June 20th.

Shares of Gran Tierra Energy stock opened at C$2.09 on Thursday. The company has a debt-to-equity ratio of 50.57, a current ratio of 1.12 and a quick ratio of 1.04. The business’s 50 day moving average is C$2.27. The firm has a market cap of $796.24 million and a PE ratio of 9.41. Gran Tierra Energy has a twelve month low of C$1.88 and a twelve month high of C$5.09.

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

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, 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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