Gran Tierra Energy (TSE:GTE) Stock Passes Above 50 Day Moving Average – What’s Next?
by Sarita Garza · The Markets DailyGran Tierra Energy Inc. (TSE:GTE – Get Free Report) (NYSEMKT:GTE) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$5.85 and traded as high as C$5.99. Gran Tierra Energy shares last traded at C$5.92, with a volume of 78,567 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on GTE shares. Royal Bank Of Canada reduced their price objective on shares of Gran Tierra Energy from C$8.00 to C$6.50 and set a “sector perform” rating for the company in a research report on Friday, December 12th. Roth Capital upgraded shares of Gran Tierra Energy to a “strong-buy” rating in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Gran Tierra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.25.
Read Our Latest Research Report on Gran Tierra Energy
Gran Tierra Energy Stock Down 1.0%
The company has a current ratio of 1.31, a quick ratio of 0.58 and a debt-to-equity ratio of 176.57. The firm has a market cap of C$206.83 million, a price-to-earnings ratio of -2.28, a PEG ratio of 0.23 and a beta of 0.96. The firm’s 50 day simple moving average is C$5.86 and its two-hundred day simple moving average is C$5.99.
Gran Tierra Energy (TSE:GTE – Get Free Report) (NYSEMKT:GTE) last announced its earnings results on Thursday, October 30th. The company reported C($0.57) earnings per share (EPS) for the quarter. Gran Tierra Energy had a return on equity of 11.08% and a net margin of 7.17%.The business had revenue of C$207.82 million for the quarter. On average, equities analysts forecast that Gran Tierra Energy Inc. will post 0.1092044 EPS for the current year.
About Gran Tierra Energy
Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties in proven, under-explored hydrocarbon basins that have access to established infrastructure. The firm produces primarily light crude oil, supplemented with medium crude and natural gas. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a base for future growth.