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Stock Market & Financial Investment News

News Breaks
May 6, 2013
12:07 EDTGTEGran Tierra Energy rallies after Peru exploration boosts results
Gran Tierra Energy (GTE), an international oil and gas exploration and production company, is trading sharply higher after reporting first quarter results that beat estimates on the top and bottom lines. WHAT'S NOTABLE: Earlier today, GTE reported Q1 earnings per share of 20c, against estimates of 16c. The company also reported revenue of $205.4M, against estimates of $180M. "Gran Tierra Energy is having an outstanding start to the year with a major new oil exploration well success in Peru, and record levels of production and sales," noted CEO Dana Coffield. PRICE ACTION: Shares of GTE are are up 9% in midday trading to $6.16.
News For GTE From The Last 14 Days
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January 26, 2015
10:00 EDTGTEOn The Fly: Analyst Downgrade Summary
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06:16 EDTGTEGran Tierra downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse downgraded Gran Tierra to Neutral following disappointing well results at Bretana Sur and lower commodity price forecasts. Price target cut to $3 from $5.
January 21, 2015
10:01 EDTGTEOn The Fly: Analyst Downgrade Summary
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09:08 EDTGTEGran Tierra downgraded to Sector Perform from Outperform at Scotia Capital
07:55 EDTGTEGran Tierra upgraded to Buy at Canaccord
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06:32 EDTGTEGran Tierra downgraded to Neutral from Overweight at HSBC
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06:17 EDTGTEGran Tierra upgraded to Buy from Hold at Canaccord
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January 20, 2015
09:09 EDTGTEGran Tierra reports 2014 production from continuing ops averaged 25,200 BOEPD
Gran Tierra Energy reports oil and natural gas production from continuing operations averaged approximately 25,200 barrels of oil equivalent per day gross working interest in 2014, or approximately 19,300 BOEPD net after royalties before adjustment for inventory changes and losses, or approximately 18,500 BOEPD NAR adjusted for inventory changes and losses. Approximately 99% of the 2014 production is oil, with the balance consisting of natural gas.
January 16, 2015
11:31 EDTGTEGran Tierra upgraded to Buy from Hold at Canaccord
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