Stock of the Day: Gran Tierra Energy Inc. Just Recorded A Sigfniciant Increase

Stock of the Day: Gran Tierra Energy Inc. Just Recorded A Sigfniciant Increase

The stock of Gran Tierra Energy Inc. (NYSEMKT:GTE) is a huge mover today! About 903,690 shares traded hands. Gran Tierra Energy Inc. (NYSEMKT:GTE) has risen 13.70% since March 16, 2016 and is uptrending. It has outperformed by 8.16% the S&P500.
The move comes after 9 months positive chart setup for the $918.50 million company. It was reported on Oct, 19 by Barchart.com. We have $4.45 PT which if reached, will make NYSEMKT:GTE worth $367.40 million 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 company was maintained on Friday, January 29 by RBC Capital Markets. The rating was upgraded by Goldman Sachs on Friday, September 11 to “Neutral”. The firm has “Neutral” rating by Citigroup given on Monday, December 14. The firm has “Top Pick” rating by RBC Capital Markets given on Monday, June 20.

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: Marketwatch.com which released: “Gran Tierra Energy Inc. and Petroamerica Oil Corp. Announce Closing of …” on January 13, 2016, also Marketwatch.com with their article: “Gran Tierra Energy Inc. Announces Colombian Peso Hedging Program” published on June 08, 2016, Marketwired.com published: “Gran Tierra Energy Inc. Announces Closing of PetroLatina Energy Ltd. Acquisition” on August 23, 2016. More interesting news about Gran Tierra Energy Inc. (NYSEMKT:GTE) were released by: Marketwatch.com and their article: “Gran Tierra Energy Inc. Announces Private Offering of $100 Million of …” published on March 30, 2016 as well as Marketwatch.com‘s news article titled: “Gran Tierra Energy Inc. Announces Increase in 2016 Exploration Capital Budget …” with publication date: June 01, 2016.

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