RBC Capital Believes Gran Tierra Energy (GTE) Still Has Room to Grow


In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Gran Tierra Energy (TSX: GTE). Analyst Nathan Piper from RBC Capital reiterated a Buy rating, with a C$6.50 price target.

Piper has an average return of 2.8% when recommending Gran Tierra Energy.

According to TipRanks.com, Piper is ranked #1484 out of 4878 analysts.

Currently, the analyst consensus on Gran Tierra Energy is a Strong Buy with an average price target of C$6.50, representing a 32.9% upside. In a report released today, Scotiabank also reiterated a Buy rating on the stock with a C$7 price target.

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The company has a one-year high of C$5.09 and a one-year low of C$2.54. Currently, Gran Tierra Energy has an average volume of 688.9K.

Gran Tierra Energy, Inc. engages in the exploration and production of oil and natural gas. It operates through the following geographical segments: Colombia, Peru, Brazil, and All Other. The company was founded on June 6, 2003 and is headquartered in Calgary, Canada.

The company’s shares closed on Thursday at C$4.89, close to its 52-week high of C$5.09.

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