Canaccord Genuity Believes Gran Tierra Energy (TSX: GTE) Won’t Stop Here

By Austin Angelo

Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Anthony Petrucci from Canaccord Genuity remains bullish on Gran Tierra Energy (TSX: GTE) and has a C$5.50 price target.

Petrucci has an average return of 4.5% when recommending Gran Tierra Energy.

According to TipRanks.com, Petrucci is ranked #4662 out of 4766 analysts.

Gran Tierra Energy has an analyst consensus of Strong Buy, with a price target consensus of C$5.10.

Gran Tierra Energy’s market cap is currently C$1.39B and has a P/E ratio of 0.

Gran Tierra Energy, Inc. engages in the exploration and production of oil and natural gas. It operates through the following geographical segments: Colombia, Peru, Brazil, and All Other. The company was founded on June 6, 2003 and is headquartered in Calgary, Canada.

The company’s shares closed on Tuesday at C$3.56, close to its 52-week high of C$3.75.