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Gran Tierra Energy (GTE) Surges: Stock Moves 9.2% Higher

Zacks Equity Research
Updated

Gran Tierra Energy Inc. GTE was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $2.05–$2.32 in the past one-month time frame, witnessed a sharp increase yesterday.

Gran Tierra Energy has seen one negative estimate revision over the past two months. The Zacks Consensus Estimate for the current quarter has also revised downward over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.   

Gran Tierra Energy currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Gran Tierra Energy Inc. Price and Consensus

Gran Tierra Energy Inc. Price and Consensus | Gran Tierra Energy Inc. Quote

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Another stock in the   Oil and Gas - Exploration and Production industry is Wentworth Resources Limited WENTF which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is GTE going up? Or down? Predict to see what others think: Up or Down

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Gran Tierra Energy Inc. (GTE) : Free Stock Analysis Report
 
Wentworth Resources Limited (WENTF) : Free Stock Analysis Report
 
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Zacks Investment Research