Gran Tierra Energy (TSE:GTE) Stock Passes Above 50 Day Moving Average of $8.53

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$8.53 and traded as high as C$11.20. Gran Tierra Energy shares last traded at C$11.17, with a volume of 38,644 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada increased their price objective on Gran Tierra Energy from C$9.00 to C$10.00 and gave the company a “sector perform” rating in a report on Wednesday, March 13th.

Gran Tierra Energy Trading Up 0.1 %

The firm has a market cap of C$361.01 million, a PE ratio of -42.96, a P/E/G ratio of 0.13 and a beta of 1.63. The company has a current ratio of 0.43, a quick ratio of 0.58 and a debt-to-equity ratio of 143.10. The business has a fifty day moving average price of C$8.53 and a 200 day moving average price of C$8.23.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last released its quarterly earnings data on Tuesday, February 20th. The company reported C$0.31 EPS for the quarter. Gran Tierra Energy had a negative return on equity of 1.54% and a negative net margin of 0.99%. The business had revenue of C$210.96 million for the quarter. Analysts forecast that Gran Tierra Energy Inc. will post 1.3317422 EPS for the current year.

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.