TD Securities announced Gran Tierra Energy (TSE:GTE), boosting its stock price target to $6.00 today
- Updated: December 1, 2016
In a report released on 12/1/2016 TD Securities increased the stock price target of Gran Tierra Energy (TSE:GTE) to $6.00 reporting a possible upside of 0.53%.
Previously on 11/30/2016, Scotia Capital released a statement about Gran Tierra Energy (TSE:GTE) increased the target price from $0.00 to $5.50. At the time, this indicated a possible upside of 0.40%.
Just yesterday Gran Tierra Energy (TSE:GTE) traded 2.60% higher at $3.93. Gran Tierra Energy’s 50-day moving average is $4.01 and its 200-day moving average is $3.88. The last stock price is up 1.42% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 3,800,678 shares of GTE traded hands, up from an average trading volume of 1,266,530
Recent Performance Chart
Gran Tierra Energy has 52 week low of $2.56 and a 52 week high of $4.44 and has a market capitalization of $0.
In addition to TD Securities reporting its stock price target, a total of 12 brokerages have issued a ratings update on the company. The average stock price target is $4.11 with 7 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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