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Gran Tierra Energy Inc. (GTE) [hlAlert]

down 49.30 %

Gran Tierra Energy Inc. (GTE) rated Outperform by Raymond James

Posted on: Wednesday,  Dec 11, 2013  9:25 AM ET by Raymond James

Raymond James rated Outperform Gran Tierra Energy Inc. (AMEX: GTE) on 12/11/2013. Previously Raymond James rated Outperform Gran Tierra Energy Inc. (AMEX: GTE)
on 07/13/2012., when the stock price was $4.30. Since then, Gran Tierra Energy Inc. has lost 49.30% as of 08/27/2015's recent price of $2.18.
If you would have followed the previous Raymond James's recommendation on GTE, you would have lost 49.3% of your investment in 1140 days.

Gran Tierra Energy Inc. (Gran Tierra) is an independent energy company engaged in oil and gas exploration, development and production. The Company owns oil and gas properties in Colombia, Argentina and Peru. During the year ended December 31, 2008, the Company held 1,996,575 gross acres in Colombia, 1,635,491 gross acres in Argentina and 3,436,040 acres in Peru. On November 14, 2008, Gran Tierra completed the acquisition of Solana Resources Limited (Solana). Solana's exploration and development properties are located in Colombia, and are held through its wholly owned subsidiary, Solana Petroleum Exploration (Colombia) Limited. Solana holds working interests in nine blocks in Colombia and operates six of these blocks. Gran Tierra is the operator of two of the producing blocks, Guayuyaco and Chaza, along with one producing well, Inchiyaco, on its Santana block in which Solana is a partner.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/11/2013 9:25 AM Buy
as of 12/13/2013
1 Week up  0.56 %
1 Month down  -2.60 %
3 Months up  1.86 %
1 YTD up  28.85 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/8/2012 8:25 AM Buy
7/13/2012 9:25 AM Buy

(*) Stock Price at the time of the recommendation.
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