Roth MKM Forecasts Strong Price Appreciation for Gran Tierra Energy (TSE:GTE) Stock

Gran Tierra Energy (TSE:GTE – Get Free Report) (NYSEMKT:GTE) had its price objective hoisted by equities researchers at Roth MKM from C$17.50 to C$18.50 in a report released on Wednesday, BayStreet reports. Roth MKM’s price objective would indicate a potential upside of 31.67% from the company’s current price.

Separately, Roth Capital raised shares of Gran Tierra Energy from a “neutral” rating to a “buy” rating and set a C$14.50 target price on the stock in a research note on Tuesday, June 16th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$13.70.

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Gran Tierra Energy Trading Up 2.0%

Shares of GTE stock traded up C$0.28 on Wednesday, reaching C$14.05. 45,825 shares of the stock were exchanged, compared to its average volume of 83,645. The company has a debt-to-equity ratio of 451.88, a current ratio of 0.48 and a quick ratio of 0.58. Gran Tierra Energy has a one year low of C$4.33 and a one year high of C$16.16. The stock has a market cap of C$497.09 million, a PE ratio of -1.95, a P/E/G ratio of 0.23 and a beta of -0.44. The stock has a 50 day moving average price of C$12.59 and a 200 day moving average price of C$11.59.

About Gran Tierra Energy

(Get Free Report)

Gran Tierra Energy Inc, together with its subsidiaries, is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia, Ecuador and Azerbaijan. Upon completion of the Transaction described in this press release, the Company’s producing operations will be focused on Canada, and the Company will continue to pursue its exploration interests in Azerbaijan and additional new growth opportunities that would further strengthen the Company’s portfolio.

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