The stock of Gran Tierra Energy Inc. (NYSEMKT:GTE) is a huge mover today! About 470,517 shares traded hands. Gran Tierra Energy Inc. (NYSEMKT:GTE) has risen 5.19% since April 13, 2016 and is uptrending. It has outperformed by 1.26% the S&P500.
The move comes after 5 months positive chart setup for the $1.06 billion company. It was reported on Nov, 15 by Barchart.com. We have $4.73 PT which if reached, will make NYSEMKT:GTE worth $540.60M more.
Gran Tierra Energy Inc. (NYSEMKT:GTE) Ratings Coverage
Out of 5 analysts covering Gran Tierra Energy (NYSEMKT:GTE), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Gran Tierra Energy has been the topic of 8 analyst reports since September 9, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, December 14 by Citigroup. Goldman Sachs upgraded the stock to “Neutral” rating in Friday, September 11 report. The firm has “Top Pick” rating given on Monday, June 20 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, January 29 report. Citigroup upgraded Gran Tierra Energy Inc. (NYSEMKT:GTE) on Friday, November 4 to “Buy” rating.
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. Announces Colombian Peso Hedging Program” on June 08, 2016, also Marketwatch.com with their article: “Gran Tierra Energy Inc. and Petroamerica Oil Corp. Announce Closing of …” published on January 13, 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 Second Quarter 2016 Results Highlighted by …” published on August 08, 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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