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

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

Several other equities research analysts have also recently commented on GTE. GMP Securities cut their target price on Gran Tierra Energy from C$3.50 to C$2.75 in a research note on Thursday, June 20th. Cormark cut their target price on Gran Tierra Energy from C$6.00 to C$4.00 in a research note on Thursday, June 20th. Canaccord Genuity restated a buy rating on shares of 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. Finally, Eight Capital boosted their target price on Wesdome Gold Mines from C$5.25 to C$6.25 in a research note on Thursday, July 11th.

TSE GTE opened at C$2.09 on Thursday. The company has a market cap of $796.24 million and a PE ratio of 9.41. The company has a 50 day moving average price of C$2.27. The company has a debt-to-equity ratio of 50.57, a current ratio of 1.12 and a quick ratio of 1.04. Gran Tierra Energy has a 52 week low of C$1.88 and a 52 week high of C$5.09.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last released its earnings results on Tuesday, May 7th. The company reported C$0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.07 by C($0.06). The business had revenue of C$200.28 million during the quarter, compared to analysts’ expectations of C$194.54 million. Sell-side analysts forecast that Gran Tierra Energy will post 0.18 earnings per share for the current fiscal 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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