FY2017 EPS Estimates for Gran Tierra Energy Inc Increased by Cormark (NYSEAMERICAN:GTE)

Gran Tierra Energy Inc (NYSEAMERICAN:GTE) – Analysts at Cormark increased their FY2017 earnings per share estimates for shares of Gran Tierra Energy in a report released on Tuesday, according to Zacks Investment Research. Cormark analyst G. Ursu now anticipates that the company will earn $0.09 per share for the year, up from their previous estimate of $0.08. Cormark also issued estimates for Gran Tierra Energy’s Q4 2017 earnings at $0.07 EPS, Q3 2018 earnings at $0.08 EPS, Q4 2018 earnings at $0.08 EPS, FY2018 earnings at $0.30 EPS and FY2019 earnings at $0.36 EPS.

Several other equities research analysts also recently issued reports on the company. TheStreet raised Gran Tierra Energy from a “d+” rating to a “c” rating in a research note on Tuesday, January 2nd. BidaskClub downgraded Gran Tierra Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, ValuEngine downgraded Gran Tierra Energy from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th.

Shares of Gran Tierra Energy (GTE) traded up $0.04 during trading on Thursday, reaching $2.97. The company had a trading volume of 918,635 shares, compared to its average volume of 1,560,000. The stock has a market cap of $1,170.00, a P/E ratio of -9.28 and a beta of 0.57. Gran Tierra Energy has a 1 year low of $1.93 and a 1 year high of $3.00.

A hedge fund recently raised its stake in Gran Tierra Energy stock. GSA Capital Partners LLP grew its position in Gran Tierra Energy Inc (NYSEAMERICAN:GTE) by 51.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 701,204 shares of the company’s stock after purchasing an additional 238,026 shares during the period. GSA Capital Partners LLP owned about 0.18% of Gran Tierra Energy worth $1,599,000 at the end of the most recent quarter.

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About Gran Tierra Energy

Gran Tierra Energy Inc is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization.

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