Gran Tierra Energy (LON:GTE) Stock Price Down 8.3% – Time to Sell?

Gran Tierra Energy Inc. (LON:GTE)’s share price fell 8.3% during mid-day trading on Wednesday. The stock traded as low as GBX 665 and last traded at GBX 665. 4 shares changed hands during trading, a decline of 100% from the average daily volume of 2,368 shares. The stock had previously closed at GBX 725.

Analysts Set New Price Targets

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 1,119 target price on shares of Gran Tierra Energy in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 1,119.

Gran Tierra Energy Trading Down 6.9%

The firm’s fifty day moving average price is GBX 746.75 and its 200-day moving average price is GBX 597.23. The firm has a market cap of £238.81 million, a price-to-earnings ratio of -0.93, a PEG ratio of 0.23 and a beta of 0.16.

Insiders Place Their Bets

In related news, insider Gary Guidry purchased 394 shares of Gran Tierra Energy stock in a transaction that occurred on Thursday, September 17th. The stock was purchased at an average cost of GBX 1,059 per share, with a total value of £4,172.46. 46.32% of the stock is currently owned by company insiders.

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 and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.