Gran Tierra Energy Inc (NYSEAMERICAN:GTE) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 2,627,996 shares, a drop of 16.2% from the January 15th total of 3,134,386 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 966,506 shares, the days-to-cover ratio is presently 2.7 days.
GTE has been the topic of several recent research reports. Zacks Investment Research downgraded Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Citigroup reissued a “buy” rating on shares of Gran Tierra Energy in a research note on Monday, December 17th. Finally, GMP Securities downgraded Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $4.38.
Shares of Gran Tierra Energy stock opened at $2.26 on Thursday. Gran Tierra Energy has a one year low of $2.03 and a one year high of $3.96.
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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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