RBC Capital Sticks to Their Hold Rating for Gran Tierra Energy (GTE)

RBC Capital analyst Gregory Pardy maintained a Hold rating on Gran Tierra Energy yesterday and set a price target of C$9.00.

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Pardy covers the Energy sector, focusing on stocks such as Ovintiv, Vermilion Energy, and Suncor Energy. According to TipRanks, Pardy has an average return of 23.0% and a 64.39% success rate on recommended stocks.

Currently, the analyst consensus on Gran Tierra Energy is a Moderate Buy with an average price target of C$14.50.

Based on Gran Tierra Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $172.06 million and a GAAP net loss of $119.17 million. In comparison, last year the company earned a revenue of $170.53 million and had a GAAP net loss of $19.28 million

Based on the recent corporate insider activity of 131 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. Last month, LM Asset (IM) Inc., a Major Shareholder at GTE bought 32,000.00 shares for a total of $192,960.00.