Gran Tierra Energy Inc. (GTE.TO) (TSE:GTE) (NYSEMKT:GTE) had its target price raised by BMO Capital Markets from C$0.60 to C$1.15 in a report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 0.88% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Eight Capital lifted their price objective on Gran Tierra Energy Inc. (GTE.TO) to C$2.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 17th. Scotiabank lifted their price objective on Gran Tierra Energy Inc. (GTE.TO) from C$0.65 to C$1.00 in a research report on Thursday. National Bank Financial set a C$0.40 price objective on Gran Tierra Energy Inc. (GTE.TO) and gave the company a “sector perform” rating in a research report on Monday, November 9th. Finally, Royal Bank of Canada lifted their price objective on Gran Tierra Energy Inc. (GTE.TO) from C$0.70 to C$1.00 and gave the company a “sector perform” rating in a research report on Friday, February 12th.

Shares of TSE GTE traded down C$0.13 during trading hours on Thursday, hitting C$1.14. The company’s stock had a trading volume of 1,534,585 shares, compared to its average volume of 2,089,121. The company has a debt-to-equity ratio of 258.83, a quick ratio of 1.49 and a current ratio of 1.69. The stock has a market cap of C$418.36 million and a price-to-earnings ratio of -0.59. Gran Tierra Energy Inc. has a 12 month low of C$0.25 and a 12 month high of C$1.55. The business has a 50-day simple moving average of C$0.86 and a 200-day simple moving average of C$0.48.

About Gran Tierra Energy Inc. (GTE.TO)

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. As of December 31, 2019, it had total proved undeveloped reserves of 31.0 million barrels of oil equivalent in Colombia. The company was founded in 2003 and is headquartered in Calgary, Canada.