Gran Tierra Energy (TSE:GTE) Given a C$10.00 Price Target by Raymond James Financial Analysts

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) has been given a C$10.00 price target by analysts at Raymond James Financial in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial’s target price indicates a potential upside of 26.10% from the stock’s previous close.

Gran Tierra Energy Stock Down 3.2%

Shares of TSE GTE opened at C$7.93 on Friday. The company has a quick ratio of 0.58, a current ratio of 1.31 and a debt-to-equity ratio of 176.57. Gran Tierra Energy has a 52 week low of C$4.76 and a 52 week high of C$14.23. The firm has a 50-day moving average price of C$6.65 and a 200 day moving average price of C$7.75. The stock has a market capitalization of C$203.29 million, a price-to-earnings ratio of 3.80, a price-to-earnings-growth ratio of 0.23 and a beta of 1.57.

Insider Activity at Gran Tierra Energy

In other Gran Tierra Energy news, Director David Paul Smith sold 4,798 shares of Gran Tierra Energy stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of C$7.38, for a total transaction of C$35,403.48. Company insiders own 3.32% of the company’s stock.

About Gran Tierra Energy

Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties in proven, under-explored hydrocarbon basins that have access to established infrastructure. The firm produces primarily light crude oil, supplemented with medium crude and natural gas.