RBC Capital Markets announced Gran Tierra Energy (TSE:GTE), bumping up its stock price target to $6.50 today
- Updated: December 1, 2016
Boasting a price of $4.01, Gran Tierra Energy (TSE:GTE) traded 13.18% higher on the day. With the last stock price close up 1.68% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Gran Tierra Energy has recorded a 50-day average of $4.01 and a two hundred day average of $3.88. Volume of trade was up over the average, with 3,675,978 shares of GTE changing hands over the typical 1,266,530
In a report announced on 12/01/2016 RBC Capital Markets raised the target price of Gran Tierra Energy (TSE:GTE) to $6.50 stating a potential upside of 0.62%.
On Wednesday November 30, 2016, Scotia Capital released a statement for Gran Tierra Energy (TSE:GTE) bumped up the target price from $0.00 to $5.50 that suggested an upside of 0.40%.
With a total market value of $0, Gran Tierra Energy has with a one year low of $2.56 and a one year high of $4.44 .
A total of 11 firms have issued a report on the stock. Seven brokerages rating the company a strong buy, three equity analysts rating the company a buy, two equity analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero firms rating the stock a sell with a consensus target price of $4.20.
About Gran Tierra Energy (TSE:GTE)
Gran Tierra Energy Inc. is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization. It operates principally in the Putumayo Basin in Colombia, and has properties in other basins, including the Catatumbo, Cauca, Llanos, Sinu-San Jacinto, Middle Magdalena and Lower Magdalena Basins. It has interests in over 30 blocks in Colombia and it is the operator on over 20 of these blocks. Its blocks and fields include Chaza-Costayaco and Moqueta Fields, Guayuyaco-Guayuyaco and Juanambu Fields, Garibay-Jilguero Field and over 11 Other Blocks. Blocks REC-T-129, REC-T-142, REC-T-155 and REC-T-224 are located over 70 kilometers northeast of Salvador, Brazil in the Reconcavo Basin. Its blocks in Peru include Block 123, Block 129, Block 107 and Block 133.
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