Gran Tierra Energy (NYSEMKT:GTE) : The consensus on Gran Tierra Energy (NYSEMKT:GTE) based on 3 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Gran Tierra Energy (NYSEMKT:GTE) : The highest level Gran Tierra Energy (NYSEMKT:GTE) is projected to reach is $6 for the short term and the lowest estimate is at $4. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $4.78 and the possibility the share price can swing is $1.73.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Paradigm Capital, upgrades their rating on the shares of Gran Tierra Energy (NYSEMKT:GTE). Paradigm Capital has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $3.75 per share from a prior target of $3.5. The rating by the firm was issued on April 7, 2016.
Gran Tierra Energy (NYSEMKT:GTE): stock turned positive on Tuesday. Though the stock opened at $3.2, the bulls momentum made the stock top out at $3.25 level for the day. The stock recorded a low of $3.17 and closed the trading day at $3.21, in the green by 2.88%. The total traded volume for the day was 981,465. The stock had closed at $3.12 in the previous days trading.
In an insider trading activity, Guidry Gary, CEO of Gran Tierra Energy Inc., executed a transaction worth $142,752 on December 14, 2015. A total of 71,376 shares were purchased at an average price of $2. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Gran Tierra Energy Inc. is an energy Company. Through its subsidiaries, the Company is engaged in oil and gas acquisition, exploration, development and production. The Company owns the rights to oil and gas properties in Colombia, Peru and Brazil. In Colombia, the Company focuses on developing its producing light oil fields, including Costayaco and Moqueta, and on the generation of exploration prospects. In Peru, the Company is engaged in engineering, procurement and construction work in preparation for a long-term production test. It commenced drilling the Bretana Sur 95-3-4-1X well and drilled the Bretana Sur 95-2-1XD water disposal well. In Brazil, on Block REC-T-155, the Company completed the dual completions of the 3-GTE-03-BA and 4-GTE-04-BA development wells in the Tie field and completed single-stage fracture stimulation on the 1-GTE-8DP-BA exploration well.