Gran Tierra Energy (TSX: GTE), the Materials sector company, has received a rating update from a Wall Street analyst on October 16. The company received a Buy on October 16 from Canaccord Genuity’s analyst Jenny Xenos, with a C$7.50 price target.
According to TipRanks.com, Xenos is a top 100 analyst with an average return of 37.9% and a 74.5% success rate. Xenos covers the Basic Materials sector, focusing on stocks such as Transglobe Energy Corp, Parex Resources Inc, and Gran Tierra Energy.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gran Tierra Energy with a C$7 average price target.
Gran Tierra Energy’s market cap is currently C$1.7B and has a P/E ratio of 251.9. The company has a Price to Book ratio of 1.32.
Gran Tierra Energy, Inc. is an energy company, which engages in the exploration and production of oil and natural gas. It holds interests in the assets located in the Middle Magdalena Valley and Putumayo Basins. The company was founded on June 6, 2003 and is headquartered in Calgary, Canada.
The company’s shares closed on Friday at C$4.34.
