Gran Tierra Energy (LON:GTE) Hits New 52-Week High – Here’s Why

Gran Tierra Energy Inc. (LON:GTE)’s stock price hit a new 52-week high during trading on Wednesday. The stock traded as high as GBX 850 and last traded at GBX 804, with a volume of 1,682 shares traded. The stock had previously closed at GBX 815.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reaffirmed 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 investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 1,119.

Gran Tierra Energy Stock Performance

The firm’s 50-day moving average is GBX 725.27 and its 200 day moving average is GBX 613.02. The firm has a market capitalization of £284.46 million, a PE ratio of -1.11, a price-to-earnings-growth ratio of 0.23 and a beta of 0.16.

Insider Buying and Selling at Gran Tierra Energy

In other Gran Tierra Energy news, insider Gary Guidry acquired 394 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was bought at an average cost of GBX 1,059 per share, for a total transaction of £4,172.46. 47.74% 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.