In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Gran Tierra Energy (TSX: GTE). Analyst Gavin Wylie from Scotiabank rated Gran Tierra Energy (TSX: GTE) a Buy today, setting a C$7 price target.
Wylie has an average return of 7.4% when recommending Gran Tierra Energy.
According to TipRanks.com, Wylie is ranked #539 out of 4878 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gran Tierra Energy with a C$6.48 average price target, a 33.3% upside from current levels. In a report issued on September 20, RBC Capital also reiterated a Buy rating on the stock with a C$6.40 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$4.86, close to its 52-week high of C$5.09.
