Gran Tierra Energy (TSE:GTE) Sets New 1-Year High – What’s Next?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) reached a new 52-week high on Thursday . The stock traded as high as C$8.68 and last traded at C$8.49, with a volume of 203141 shares changing hands. The stock had previously closed at C$7.70.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Canaccord Genuity Group downgraded shares of Gran Tierra Energy from a “buy” rating to a “hold” rating and set a C$8.00 price target on the stock. in a report on Tuesday. Roth Mkm raised Gran Tierra Energy to a “strong-buy” rating in a research report on Friday, December 12th. Finally, Royal Bank Of Canada cut their price target on shares of Gran Tierra Energy from C$8.00 to C$6.50 and set a “sector perform” rating on the stock in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$8.17.

Gran Tierra Energy Price Performance

The stock’s 50 day simple moving average is C$6.21 and its 200-day simple moving average is C$5.92. The firm has a market cap of C$297.55 million, a price-to-earnings ratio of -3.28, a price-to-earnings-growth ratio of 0.23 and a beta of 0.87. The company has a debt-to-equity ratio of 176.57, a quick ratio of 0.58 and a current ratio of 1.31.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last issued its earnings results on Thursday, October 30th. The company reported C($0.57) earnings per share (EPS) for the quarter. The business had revenue of C$207.82 million for the quarter. Gran Tierra Energy had a return on equity of 11.08% and a net margin of 7.17%. Equities research analysts anticipate that Gran Tierra Energy Inc. will post 0.1092044 EPS for the current fiscal 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.