Gran Tierra Energy (GTE) has an average broker rating of 1, which is interpreted as a Strong Buy, as rated by 2 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Gran Tierra Energy (GTE) : 2 investment research analysts covering Gran Tierra Energy (GTE) have an average price target of $4.78 for the near short term. The highest target price given by the Brokerage Firm to the stock is $6 and the lowest target is $4 for the short term. Analysts expect the variance to be within $1.73 of the average price.
Gran Tierra Energy, Inc. has dropped 0.99% in the last five trading days, however, the shares have posted positive gains of 11.52% in the last 4 weeks. Gran Tierra Energy, Inc. is up 5.63% in the last 3-month period. Year-to-Date the stock performance stands at 38.25%. Gran Tierra Energy (NYSEMKT:GTE): stock turned positive on Tuesday. Though the stock opened at $2.92, the bulls momentum made the stock top out at $3.05 level for the day. The stock recorded a low of $2.91 and closed the trading day at $3, in the green by 2.04%. The total traded volume for the day was 936,292. The stock had closed at $2.94 in the previous days trading.
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.