The stock of Gran Tierra Energy Inc. (NYSEMKT:GTE) is a huge mover today! About 1.33M shares traded hands or 18.75% up from the average. Gran Tierra Energy Inc. (NYSEMKT:GTE) has risen 8.66% since March 3, 2016 and is uptrending. It has outperformed by 0.32% the S&P500.
The move comes after 5 months positive chart setup for the $901.34M company. It was reported on Oct, 6 by Barchart.com. We have $4.60 PT which if reached, will make NYSEMKT:GTE worth $432.64M more.
Analysts await Gran Tierra Energy Inc. (NYSEMKT:GTE) to report earnings on November, 1.
Gran Tierra Energy Inc. (NYSEMKT:GTE) Ratings Coverage
Out of 5 analysts covering Gran Tierra Energy (NYSEMKT:GTE), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. Gran Tierra Energy has been the topic of 7 analyst reports since September 9, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Friday, September 11 by Goldman Sachs. RBC Capital Markets maintained the shares of GTE in a report on Friday, January 29 with “Outperform” rating. RBC Capital Markets upgraded the shares of GTE in a report on Monday, June 20 to “Top Pick” rating. The company was downgraded on Monday, December 14 by Citigroup.
According to Zacks Investment Research, “Gran Tierra Energy Inc. is an international oil and gas exploration and production company, headquartered in Calgary, Canada, incorporated and traded in the United States and operating in South America. Gran Tierra Energy holds interests in producing and prospective properties in Argentina, Colombia and Peru. The company strategy is focused on establishing a portfolio of drilling opportunities to exploit undeveloped reserves to grow production, as well as undertaking exploration to grow future reserves.”
More notable recent Gran Tierra Energy Inc. (NYSEMKT:GTE) news were published by: Finance.Yahoo.com which released: “Gran Tierra Energy Inc. Provides Operational and Exploration Program Updates” on September 14, 2016, also Marketwatch.com with their article: “Gran Tierra Energy Inc. Announces Colombian Peso Hedging Program” published on June 08, 2016, Marketwatch.com published: “Gran Tierra Energy Inc. and Petroamerica Oil Corp. Announce Closing of …” on January 13, 2016. More interesting news about Gran Tierra Energy Inc. (NYSEMKT:GTE) were released by: Marketwired.com and their article: “Gran Tierra Energy Inc. Announces Closing of PetroLatina Energy Ltd. Acquisition” published on August 23, 2016 as well as Bloomberg.com‘s news article titled: “West Face Seeks Gran Tierra CEO Ouster, Urging Focus on Colombia” with publication date: April 21, 2015.
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