Gran Tierra Energy (TSE:GTE) Given a C$12.00 Price Target at Canaccord Genuity Group

Canaccord Genuity Group set a C$12.00 target price on Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Separately, Royal Bank of Canada cut their price target on Gran Tierra Energy from C$10.00 to C$9.50 in a report on Monday, October 7th.

Gran Tierra Energy Trading Up 9.1 %

Shares of GTE opened at C$9.47 on Wednesday. The company has a debt-to-equity ratio of 147.61, a current ratio of 0.75 and a quick ratio of 0.58. Gran Tierra Energy has a 1-year low of C$6.36 and a 1-year high of C$14.23. The stock has a market cap of C$290.26 million, a price-to-earnings ratio of 4.39, a price-to-earnings-growth ratio of 0.23 and a beta of 1.57. The firm has a 50 day simple moving average of C$8.73 and a 200-day simple moving average of C$10.86.

About Gran Tierra Energy

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.