Roth MKM Reaffirms Their Hold Rating on Gran Tierra Energy (GTE)
Roth MKM analyst Jamie Somerville maintained a Hold rating on Gran Tierra Energy yesterday and set a price target of C$8.00.
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According to TipRanks, Somerville is a 4-star analyst with an average return of 22.5% and a 91.67% success rate. Somerville covers the Energy sector, focusing on stocks such as Gran Tierra Energy, Valeura Energy, and Parex Resources.
The word on The Street in general, suggests a Hold analyst consensus rating for Gran Tierra Energy with a C$7.63 average price target.
Based on Gran Tierra Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $149.25 million and a GAAP net loss of $19.95 million. In comparison, last year the company earned a revenue of $151.37 million and had a net profit of $1.13 million
Based on the recent corporate insider activity of 149 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 80,000.00 shares for a total of $309,600.00.
Read More on GTE:
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- Gran Tierra Enters Azerbaijan with Major Onshore Deal alongside SOCAR
- Gran Tierra to divest remaining interest in Simonette asset for C$62.5M
- Gran Tierra Energy Restructures Debt With New Prepayment Facility
- Gran Tierra Advances Debt Exchange to Extend Note Maturities
- Gran Tierra Secures Strong Early Take-Up in Debt Exchange, Eases Covenants on 2029 Notes
