FY2020 EPS Estimates for Gran Tierra Energy Inc Decreased by Analyst (TSE:GTE)

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Gran Tierra Energy Inc (TSE:GTE) (NYSEMKT:GTE) – Investment analysts at National Bank Financial decreased their FY2020 earnings per share estimates for shares of Gran Tierra Energy in a report released on Wednesday, November 6th. National Bank Financial analyst J. Hunt now forecasts that the company will post earnings of $0.11 per share for the year, down from their previous estimate of $0.15. National Bank Financial currently has a “Sector Perform” rating and a $2.00 price target on the stock.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last issued its earnings results on Wednesday, August 7th. The company reported C$0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.05 by C$0.03. The company had revenue of C$211.34 million for the quarter.

GTE has been the subject of a number of other research reports. Citigroup dropped their target price on shares of Gran Tierra Energy from C$5.00 to C$3.90 in a research report on Monday, August 12th. Royal Bank of Canada dropped their target price on shares of Gran Tierra Energy from C$3.60 to C$3.00 in a research report on Monday, October 21st. Finally, CIBC dropped their target price on shares of Gran Tierra Energy from C$4.00 to C$2.50 in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Gran Tierra Energy has a consensus rating of “Buy” and an average target price of C$3.52.

Shares of TSE:GTE opened at C$1.38 on Friday. The company has a debt-to-equity ratio of 66.36, a quick ratio of 1.73 and a current ratio of 1.80. The firm has a fifty day moving average price of C$1.54 and a 200 day moving average price of C$2.11. Gran Tierra Energy has a fifty-two week low of C$1.28 and a fifty-two week high of C$3.91. The firm has a market cap of $517.45 million and a price-to-earnings ratio of 5.29.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

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