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Gran Tierra Energy (TSE:GTE) Price Target Lowered to C$9.50 at Royal Bank of Canada

Gran Tierra Energy logo with Energy background

Gran Tierra Energy (TSE:GTE - Free Report) NYSEMKT: GTE had its price objective decreased by Royal Bank of Canada from C$10.00 to C$9.50 in a research report sent to investors on Monday morning, BayStreet.CA reports.

Gran Tierra Energy Stock Down 0.5 %

Shares of TSE GTE traded down C$0.05 on Monday, reaching C$9.09. 23,513 shares of the company's stock traded hands, compared to its average volume of 48,795. Gran Tierra Energy has a 12 month low of C$6.36 and a 12 month high of C$14.23. The business's 50 day simple moving average is C$9.99 and its two-hundred day simple moving average is C$11.40. The company has a market cap of C$278.61 million, a price-to-earnings ratio of 4.28, a price-to-earnings-growth ratio of 0.23 and a beta of 1.58. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 147.61.

Gran Tierra Energy (TSE:GTE - Get Free Report) NYSEMKT: GTE last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.85 earnings per share for the quarter. The company had revenue of C$121.04 million during the quarter. Gran Tierra Energy had a net margin of 7.68% and a return on equity of 12.50%. As a group, equities research analysts forecast that Gran Tierra Energy will post 0.4169525 EPS for the current fiscal year.

About Gran Tierra Energy

(Get Free Report)

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.

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