RBC Capital analyst Luke Davis maintained a Hold rating on Gran Tierra Energy (GTE – Research Report) on January 16 and set a price target of C$1.75. The company’s shares closed yesterday at $0.92.
According to TipRanks, Davis is a top 100 analyst with an average return of 31.0% and a 63.16% success rate. Davis covers the Utilities sector, focusing on stocks such as Parex Resources, Gran Tierra Energy, and Athabasca Oil.
Gran Tierra Energy has an analyst consensus of Moderate Buy, with a price target consensus of $1.55.
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Based on Gran Tierra Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $168.4 million and a net profit of $38.66 million. In comparison, last year the company earned a revenue of $135.32 million and had a net profit of $35.01 million
Based on the recent corporate insider activity of 196 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GTE in relation to earlier this year.
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Gran Tierra Energy, Inc. engages in the exploration and production of oil and natural gas in Colombia and Ecuador. 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.
Read More on GTE:
- Gran Tierra: FY22 total company average production ~30,800 BOPD
- Gran Tierra Energy Inc. Provides Operational and Financial Update
- Gran Tierra sees FY23 base case EBITDA $440M-$490M, high case $510M-$560M
- Gran Tierra announces 2023 capital budget of $210M-250M
- Gran Tierra Energy Inc. Announces 2023 Guidance
